This news is a few days old, but recently the company Tata Motors produced a car in India that is set to sell to the public for about $2500 US. As a result, it is labeled as being the cheapest car ever and is called a “Nano Carâ€.
This made me wonder where if a car like this did arrive here on whether or not people would purchase one just for the sake of having a car. I say this because a lot of people own cars not so much because they absolutely need it but rather use it as some kind of status symbol in owning a vehicle.
I wonder how the insurance would work on a vehicle like that too as it must be kind of strange where an annual car insurance would be so much closer to the value of the car itself.