@[email protected] to [email protected] • 10 months agoAmericans Are Falling Behind on Their Car Paymentswww.fool.comexternal-linkmessage-square204fedilinkarrow-up1338arrow-down118
arrow-up1320arrow-down1external-linkAmericans Are Falling Behind on Their Car Paymentswww.fool.com@[email protected] to [email protected] • 10 months agomessage-square204fedilink
minus-square@thedevisinthedetailslink50•10 months agoWhile I agree cars themselves are just insanely expensive. A $25k car has you at $450+/month and this is if you have excellent credit. We need other options besides cars and unfortunately they’re the only option for many people.
minus-squarejrbaconcheeselinkfedilinkEnglish36•10 months agoPeople choose $80k cars on 5-7 year notes because “they can afford the payment” thinking that means they can afford the car.
minus-squarewrath_of_grungelinkfedilink8•10 months agothere are a great many cars to be had for less money. maybe people shouldn’t buy cars that cost half their yearly wages?
minus-square@[email protected]linkfedilink5•10 months agoThere are some people in the US financing cars for 7-10 years. Half their yearly salary is actually more like 2x their yearly salary for many of them.
minus-square@[email protected]linkfedilink3•10 months agoBut if I drive a Mirage the neighbors will make fun of me.
minus-square@[email protected]linkfedilinkEnglish2•10 months agoDrive a Prius, all the cool kids are. Gen 2 makes you look kinda poor, but you still get green points. Gen3+, ur golden
minus-square@[email protected]linkfedilink2•10 months agoI actually have a mirage. The only neighbor who makes fun of me is the guy next door, he has a truck, maybe if he tries real hard it will run one day. Someone picks him up for work in a gen-2 Prius.
minus-square@[email protected]linkfedilinkEnglish2•10 months agoLmao, I wish him luck with his truck.
minus-square@[email protected]linkfedilink8•10 months agoExactly. “Not cars” is a solution to a ton of problems.
minus-squareTurtlePowerlinkfedilink2•10 months agoI have always thought it the most asinine thing that someone who has less money/assets is supposed to pay MORE than someone who can easily afford higher payments. Just more penalties for being poor. Fuck this whole system.
While I agree cars themselves are just insanely expensive. A $25k car has you at $450+/month and this is if you have excellent credit.
We need other options besides cars and unfortunately they’re the only option for many people.
People choose $80k cars on 5-7 year notes because “they can afford the payment” thinking that means they can afford the car.
there are a great many cars to be had for less money.
maybe people shouldn’t buy cars that cost half their yearly wages?
There are some people in the US financing cars for 7-10 years. Half their yearly salary is actually more like 2x their yearly salary for many of them.
But if I drive a Mirage the neighbors will make fun of me.
Drive a Prius, all the cool kids are. Gen 2 makes you look kinda poor, but you still get green points. Gen3+, ur golden
I actually have a mirage. The only neighbor who makes fun of me is the guy next door, he has a truck, maybe if he tries real hard it will run one day.
Someone picks him up for work in a gen-2 Prius.
Lmao, I wish him luck with his truck.
Exactly. “Not cars” is a solution to a ton of problems.
fuck cars
I have always thought it the most asinine thing that someone who has less money/assets is supposed to pay MORE than someone who can easily afford higher payments. Just more penalties for being poor. Fuck this whole system.
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