TIL new cars cost more than new condos in Thailand and yet Thailand has the highest..
Cars are a status symbol in Thailand, especially Bangkok, and people love status symbols.
Gold, handbags, smartphones, designer clothing, mistresses, etc. It's all just different levels of status symbols and for most people. Cars are sort of the best status symbol that most regular people can attain.
Not many people ever see your condo, so why not spend most of your money on a car to drive around and show off to your friends. Plus it seems almost anyone can get a long term loan in Thailand, so it's possible to spread out 1.5 million baht over 7-10 years, although it probably isn't a wise financial decision...