Why are people still buying new cars or even worse still leasing them?

I had a family who was given a used vehicle with no debt and they squandered that opportunity to then finance a Telsa which they are now trying to pawn to me.

This sales pitch is how much value it has held and how it has appreciated. I wonder if this is the same phrase the sales person used on them.

These are depreciating "assets" with sometimes crazy interest rates and monthly payments.

Worse thing is that two other families members ended up getting luxury vehicles to flex on one another.

Not mad, just disappointed.