If you've got 50-60k in folding, then you've hopefully got enough sense to have that invested in something that's giving a much higher return that the measly APR you pay on new cars.
Still, I bet there's one out there who'd do it
....You guys are only thinking within YOUR own financial limitations and therefore whether YOU would spend such a sum on a new car.
You need to realise that there are plenty of folks out there who are wealthy enough not to be bothered by such mundane (to them) things as value-for-money or residuals etc and who consequently will buy such a car because they love it and for no other reason and they can simply afford to because it's not a lot of money RELATIVE to the money they have.
They're not stupid, they just have much more money than you do. (And much more money than I do!)
I think you're misunderstanding?
Ask a high end car dealer how many people pay for their cars outright, they'll tell you only the mad and lottery winners.
If someone has accumulated £50k in savings, and want to blow that on a Porsche, then they're probably fairly savvy with money.
So, do you:
(i) Buy the car outright and blow £50k.
(ii) Invest the £50k at 10%, and finance the car at 5%
Most people do the latter, as that spare 5% is a big chunk of money to just throw away.
Both give you equal enjoyment of the car. I know people will rant and rave about "I own my car outright".... fair enough, that's absolutely fine.