The idea of borrowing to buy a car is a ridiculously bad financial decision that most car buyers make. There are some exceptions (such as if you absolutely need the car for your business), however in most cases people would be way better off in buying a cheaper second hand car.

There are countless other examples. It annoys me greatly when people in the US state how the "cannot live on less than $100k per year". And these same people have no money saved in the bank. So they earn a very high salary and are still living month to month. Incredible.