A new study shows that men spend half their lives trying to afford their favorite and dream cars.
A new study shows that men spend a significant portion of their lives trying to afford their favorite cars.
It is well known that cars take up a large part of everyday life for many men, and that many of us even have them as a hobby.
Data from the American Driving Survey now shows that men spend an average of over 400 hours behind the wheel each year. And if you add up all the hours behind the wheel, it's the equivalent of men spending at least two and a half years of their lives just driving.
Financially, cars and transportation alone account for between 16 and 17 percent of a household's total expenses.
More than 90 percent of these expenses are directly related to the ownership, maintenance and fuel of cars.
Studies have also determined that men generally spend more time delving into a potential new purchase, regardless of whether the car is used or brand new.
Men also more frequently seek out more expensive car models.
When you add up the time men spend earning money, driving, and examining cars, it is not unusual for the total to amount to decades of investment.
Cars often take up more space in men's lives than in women's. In any case, they are more than just a practical means of transportation.
¨A survey conducted by the American car retailer Carvana shows that 60 percent of Americans would rather own their dream car than their dream house. And this is true regardless of whether you ask men or women.
Over 40 percent of men are willing to spend $100,000 or more to realize a dream on four wheels.
Men usually start dreaming about cars as early as their teenage years, where daydreaming often turns into a specific car model.
For a quarter of men, their relationship with their car is so strong that they describe it as a 'love affair'.
It is also common for men to give their cars a name. For many men, cars symbolize personal freedom, status, and identity.
When you factor in the financial costs, time, and emotional commitment men invest in getting close to their 'dream car', it adds up incredibly quickly.
The process of saving up, researching the market, customizing the car, or simply dreaming about it can take many years.
Passion is about more than just transportation. It is an expression of personality, ambition and a tangible result of many years of hard work to earn enough money, the study concludes.
