According to an article in USA Today, more consumers give new cars as gifts than they ever have before. Specifically, gifts tend to be luxury model cars.
It’s hard to fathom what is needed to afford this type of thing. I’m struggling with coming out on top at the end of the month even while spending under $200 in gifts this year.
Updated May 17, 2011 and originally published December 23, 2004. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke, also known as Flexo, has contributed to PC World Magazine, US News, Forbes, and other publications. 
{ 2 comments }
“…It’s hard to fathom what is needed to afford this type of thing.”
Mostly just a decent credit score. And the ability to overlook how you’re basically just throwing $100 bills out the window as you drive the vehicle off the lot.
Haha, exactly what I was thinking. Keep in mind that the most common car owned by millionaires is…
…a Ford F-150 truck! High income does not automatically equal high net worth.