1) The ones that have enough money to not worry about the depreciation
on their new expensive vehicles. They drive the cars that you see in
movies and magazines but hardly ever see yourself (unless you are in
category 1 yourself).
2) The ones that try to impress people with their vehicles and go into
massive debt to do so. They might drive something like a brand new
Mustang. (A Mustang seems like a cool car to most of us but is a toy
compared to what a #1 drives) Their monthly vehicle payments can be more
than a reasonable house payment for their income level.
3) The ones that see a car as a necessary evil. In most places you need
to have a car to have a job and a social life, but cars are atrocious
money pits. These people buy cars from #2 people when they no longer
function as a status symbol. Show me someone that is trying to elevate
their financial status and I will show you the owner of a car that is at
least 5-10 years old.

With financial matters, it is never that simple. Employees (we should call them peasants instead) are simple.

Can a car be an asset? It is if you are a certain type of salesman. The shiny car is necessary to get money to flow into your account. Some people have to live in their vehicles per job requirement as technicians of oil rigs do. While they sleep in their car, they gain money while they sleep.

I can see there being certain reasons to get the ‘cool car’. However, most people are nowhere near those reasons. They get the car just to say to everyone that they are a ‘winner’ when they are actually losing with monstrous debt.

Young men get the ‘cool car’ for girls. It is double damnation. The ‘cool car’ not only gives them massive debt, it attracts the ‘cool girl’ who spawns liabilities and multiplies the debt. The young man who thought he was a winner because he had ‘cool car’ and ‘cool girl’ is suddenly thrust into becoming an economic slave for the rest of his days on Earth.