Redditor told nowadays the predominant strange phenomenon of those with £1.4 lakh to £2 lakh monthly income that reduces the deposit to buy a Mercedes car worth £60 lakh to £80 Lakh. This purchase caught his attention, indicating that individuals have made a deposit £7 lakh it £9 Lakh and the rest financed through loans.
The headline for the mail states: “People buy £70–80 l car Mercedes £2L salaries. Did they lose it completely? ”
He described how individuals were doing such a large purchase with minimal salaries, he said, “Yesterday he went to the Mercedes showroom. £1.4l- £2L buy cars value £60–80l – with payments £7-9l and the rest on loans – which are carried out absolutely to fight for approval. ”
When he told this special case, he claimed that executives were faced with difficulty in approval of their loans. In addition, the pride in the ownership of a luxury car suppresses their rational thinking and “even borrows more money from others to meet these emis.”
The Redditor was surprised to find that these individuals “signed up for a 7 -year contract for slavery to look rich”. He asked, “I was honestly impressed. How do people convince that it makes sense?” He claimed that this is no longer ambition, it is “financial self-sabot masked like” Yolo !!! “”
According to the redditor, although the individual has “generational wealth”, it is impractical to spend £8 lakh as backup for a £80 Lakh car.
The reaction of social media
The user wrote: “The son of our servant got a job as a salary with a 20,000 salary in the local store and in the 1st month paid 15k deposit for the Royal Enfield Meteor 350 and did not even have a cooler in this house, but instead of buying?
Another user noted: “It seems to be a sales technique that will make you conveniently buy.”
The third user said: “BRO these luxury brands are best when he manipulates you that you are making stupid decisions. I once saw a seller sitting with Gao Walo in the Merc Benz showroom, who told him how he would remember for decades to own the first Mercedes in their countryside (GAO).”
The fourth comment read: “I think you don’t know people finance. They could have their own house and have no loans. So paying about 40-50k per month in EMI is probably comfortable for them.”
(Tagstotranslate) Generation Wealth
