Mach1E
Well-Known Member
- Joined
- Sep 5, 2021
- Threads
- 93
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- Location
- Florida
- Vehicles
- 69 Mach 1, 11 GT, 21 GTPE- sold, 24 Taycan 4S, 20 F type R
For sure.There is absolutely something psychological about how people think about these things. Many people wouldn’t bat an eye at a $500 higher MSRP at the time of purchase, but would sooner see hell freeze over than pay $80 a year for three years of navigation starting at year 4 of ownership before selling the car in year 6.
I have a long standing theory about this. It has to do with small, medium and large numbers.
Small numbers? People don’t pay attention or care. Large numbers? Kinda the same. But medium numbers? Everyone pays almost too much attention to.
A few examples. I ask people-
How much interest do you get on your bank account? They don’t know if it’s 0.01%, 0.1% or 1%. They can be off by a factor of 100x
How much interest do you pay on your credit cards? They don’t know if it’s 8% or 24%. Could be off by a factor of 3x
How much do you pay on your mortgage? 3.375%. They are accurate to the 1000th of a percent!
For big price things- cars and houses. They don’t fight hard on thousands of dollars. Or houses negotiate $10,000 at a time.
But if their favorite sandwich goes up by $2, the same people absolutely notice! Might even order something different for lunch because of that $2.
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