Why do soliders buy high interest cars?

SPC Private RallyPoint Member — Tue, 30 Jul 2019 04:26:32 -0400

All I see in post are V6 muscle cars and they say how much interest they pay and I cant understand why they cant math right. I mean who buys a V6 Camaro at 22% and 60 months. What's the wildest story you have seen.

Response by Maj John Bell made Jul 30 at 2019 10:38 AM

Maj John Bell — Tue, 30 Jul 2019 10:38:08 -0400

I was taught to know the difference between a necessity and a luxury. Unfortunately, many parents do not teach delayed gratification. One cannot do without the necessities and one should get some of life's luxuries WHEN ONE CAN PAY CASH for the difference in price.

I also learned that my identity is not determined by what I have, but by what I do. Would you rather be friends with an ass that has all the finest things, or a good person that lives within his means?

Response by LT Scott O'Shaughnessy, MBA made Aug 5 at 2019 10:02 AM

LT Scott O'Shaughnessy, MBA — Mon, 05 Aug 2019 10:02:33 -0400

Because they are young and uneducated

Response by SFC Pamela Williams made Sep 10 at 2019 10:44 AM

SFC Pamela Williams — Tue, 10 Sep 2019 10:44:35 -0400

Young folks military first time car buyer only want what they see others drive. they don't know about interest rate. They have not been taught. Teach them if you see this happening. Will you

Response by SGT John Ball made Aug 7 at 2021 10:19 AM

SGT John Ball — Sat, 07 Aug 2021 10:19:17 -0400

Probably for the same reasons they marry a stripper. I met my wife when I was in, but was 80 miles away on a river bank fishing. I am still married to the same woman today! For 27 years and still fish and hunt together.

Response by SFC Pamela Williams made Aug 8 at 2021 1:14 AM

SFC Pamela Williams — Sun, 08 Aug 2021 01:14:41 -0400

Most soldiers that purchase those kinds of cars are first time buyer and have never purchased anything like that. All they know is that they want a car and what they like. No one has ever told them the ins and outs of car purchase. They need to be schooled because no one ever took them time. So when your soldier say they want to purchase a car talk to them about interest rates and how or what to look for during car buying. They don't know, you had to be taught.