Originally Posted by XMagnaRider
Today's consumers have a Walmart mentality, where they base their purchase decisions on price alone, without regard to the total cost of ownership. Shopping for true value requires self-education and hard work, and they are lazy. Instead, they spend much more of their hard-earned money over time, for shoddy goods that they must dispose and replace multiple times. (There is also a "keeping up with the latest technology" mentality that drives frequent product replacement, too.)
What gets me are people, who I normally regard as smart, who have this idiotic mentality when it comes to buying anything. They go to a local store, try things on, turn the nobs, put their hands on it, and rather than buying it there, they run home, get on Amazon or EBay and buy it for a few bucks less. And then they lament the fact that the local store has closed and they can't go see anything they want to buy. Duh!!!
Or those folks so wrapped up in the save the planet or expensive gas craze. They go trade in their paid for car or SUV to go buy a hybrid Prius or some other high MPG vehicle and claim they are saving money. I had a friend who had a paid off 2004 Ford Explorer that got 21 MPG. He traded it (got only $8k trade in value) for a Toyota Prius that he paid MSRP plus $5K (because that's what they're going for in Dallas) for $29K. He had $8K trade in, $2K cash, and financed the rest.
The Prius gets just a little over double the MPG of the Explorer. At $4.39 per gallon in Dallas, and if he drives the same 15K miles I drive, the Explorer cost $3135 per year in gas. The Prius costs $1531 per year in gas. So his gas savings is $1604 per year. That's nearly a 12 year payback. Even if gas goes to $8 or $9 per gallon, it would still be a 5 or 6 year payback. Hell, just drive the shit out of the Explorer until the real high MPG cars arrive (the 60-70 mpg cars that should be in the US by 2011), and bank the monthly payment you would have made on the Prius to pay cash for it in 3 years.
Remember, the best car in the world isn't one of these new high-MPG vehicles. It's the one that's PAID OFF.