Actually my nephew is usually pretty awesome but when I went to visit him and my sister and her other kids yesterday, he was gone. My sister said he was out looking for a new truck. As soon as she said that, I had a sinking feeling. Mind you he has a new wife, a new baby, has switched jobs quite a few times in the past few years and doesn't make all that much money. He does, however, have pretty good credit according to my sister.
So off we went to see him at the dealership. The sales people were circling around him like sharks and he already had a big, new, shiny, 8-cylinder pick up truck picked out, ready to drive off the lot. When we got there he was waiting for the paperwork to be printed up to sign and I literally went into the office and told him not to sign it! At that, the finance manager got an odd expression on his face.
Unfortunately, my nephew is the determined sort and he really wanted the truck. I had this same sort of "I'm going to get this brand new car and I don't care how much logic and reasoning you throw at me" determination and repeatedly bought cars I couldn't afford simply because I wanted it and the car dealers/lenders didn't seem to care that I was spending 50% of my income on a car that would depreciate like a rock as soon as I drove it off the lot. So now I am a reformed idiot hoping to use my hard won lessons to teach others. Unfortunately my nephew was as deaf to my reasoning as I was to anyone who tried to dissuade me from stupid purchases years ago.
Now my nephew is the owner of a brand new truck (which gets like 10 miles to the gallon!) and seven YEARS of $600 car payments. Ugh. I am so disappointed!