Comment Re:Who really telling the truth (Score 1) 429
A lot of folks tend to overspend on thier cars and go way into debt. I know folks who did not plan and purchased expensive, big cars\SUVs (40K+), financing nearly all of the purchase price + tax (0% interest is a great deal, right...) or getting into lease. These people now have cars they cannot sell (in today's market, used SUVs are very cheap) because the loan balance, or lease buyout, is far above the market value but cannot drive much, because they can't afford the fuel costs. When people are faced with a $600 car payment and a $600 fuel bill, insurance fraud becomes an option, a way out.
You sound like somebody who has his head screwed on right and wouldn't make the aformentioned mistakes, but you're in the minority when it comes to the American car-buying population. I understand if somebody needs a big car for thier lifestyle or just wants one, but I can't understand going into the level of debt some people have for transportation.
Our family drives small cars (even with three kids, you don't need a minivan/SUV!) and fuel costs are starting to become annoying: I fill our my corolla and it costs $35; I can't imagine the costs for a huge SUV.
You sound like somebody who has his head screwed on right and wouldn't make the aformentioned mistakes, but you're in the minority when it comes to the American car-buying population. I understand if somebody needs a big car for thier lifestyle or just wants one, but I can't understand going into the level of debt some people have for transportation.
Our family drives small cars (even with three kids, you don't need a minivan/SUV!) and fuel costs are starting to become annoying: I fill our my corolla and it costs $35; I can't imagine the costs for a huge SUV.
