Comment Want to know why rich people are rich? (Score 2) 159
When my father was starting out as a young physician in the late 1950s, he had a meeting with the president of Chemical Bank to get a loan. The guy told my dad that the reason rich people are rich is because they watch the pennies.
People have gotten so used to renting every aspect of their lives that they have no clue why they feel poor. In this case, people keep their OnStar subscription even though they probably never use it and as good as cellular coverage is, the reason for having it is pretty much gone. Once SpaceX gets they tech into phones, there will be zero reason to have OnStar. But people are clueless. Wasting money on subscriptions has reached epidemic proportions.
The real concern is what happens when OnStar is totally obsolete. Is GM going to cheerfully give up all that free money? Hell no. They're going to find another way to nickle and dime their customers.
When I bought a new Toyota last year, I got a trial subscription to not just SiriusXM (which sucks, btw, compared to Spotify) and a one-year trial to their digital key nonsense on your phone (which also sucks, btw). I never started paying for those things.
There will come a day, not too long from now, when you won't be able to own a vehicle outright. You will only be able to rent it and every cool feature will be on a subscription basis.