[roenxi]

You'd probably find most people would go with the $5,000 guy.

We're not talking Drunk Eddie suddenly being allowed to practice as a surgeon, the $5k guy will still have standards and steady hands.

The risk differential is probably not worth a cheap car.

[vidarh]

A concrete example: Private health insurance in the UK is cheap, because it excludes a lot of the basics - you use the NHS for that, and only call your private insurer if you e.g. need a specialist or if you can't get an appointment with your GP.

Yet only 10% opt for it, because the NHS is generally good enough. And of those 10% a lot only have it because it's offered as a mostly free perk by their employer.

But I do think that there is a segment - part of those 10% who opt for private insurance - that will always pay extra to get "the best" whether or not there is a major difference.

[jacobush]

Especially if you can only borrow 5k