Originally Posted by mackster248
A Ferrari is completely different than a phone though, can't compare the two.
The financial principle is the same, just different things.
There are differences between the people purchasing the cell phone and the Ferrari on credit. Credit enables leveraging net income to live at a much higher level lifestyle than they would if they had to pay cash for everything as long as the monthly payments are sustainable and paid. The ability to use credit to purchase is related to the person's credit worthiness/rating at a particular level of borrowing. A person who can buy a Ferrari on credit can buy any phone for cash but a person who has to or can buy a phone on credit can't necessarily qualify to buy a Ferrari on credit.
There is also a value difference between the two. Both immediately decline in value but of the two, the Ferrari will retain value much better than a cell phone and, if it is maintained in excellent condition, it may even increase in value when it becomes vintage/classic which, if it still owned by the original purchaser, pay back its cost but the cell phone will never be worth more than it originally cost and probably be worth nothing as a cell phone at some point (it may be worth something as scrap).
There's also a status value difference between the cell phone and Ferrari. A lot more people envy the Ferrari owner than the number of people who envy the owner of a particular cell phone. On a date, the Ferrari will impress more than a cell phone and, as a friend of mine who owns a Corvette said, when his date sees his car it usually "seals the deal". If a cell phone "seals the deal" with a "date" that is usually on a different basis. Also, all over the world, huge crowds of people will pay to see Ferraris racing around a track but how many people will pay to watch people using cell phones?
---------- Post added at 12:07 PM ---------- Previous post was at 12:03 PM ----------
Originally Posted by I.R.Chevy
Everybody cool is jumping ship leaving me with my ****ty g2x all alone....
Gratz on the new phones tho I gotta stop buying new guns and dish out the cash for a new phone soon lol
Edit: There are still lots of cool people in the g2x forum no beef no beef lol
Pin it to Win it.
Your investment in guns can pay off. A gun can get you a new cell phone.