Commentary: Lane Koch - F-35 a $1.5 trillion boondoggle
Lane Koch
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When a consumer spends top dollar on a new home or car, they want everything to be perfect. They can be some of the most expensive purchases the average American makes in their lifetime. Buying a new home causes the American family to drain savings accounts and find cuts on non-essential expenditures. Many do it for the chance to get into a “turn-key home” requiring little to no home improvement projects.
Buying a new car ends up putting a person on the hook for a small mortgage payment for six years. Sure, there is always the option to buy used, but used comes with an increased risk of imperfections. When someone drops cash for new, they do so with the hopes that they will be free and clear of car maintenance issues for some time.