If you people could stop buying new vehicles every five years as a status symbol it would be great. I don’t think I should have to pay for your bailout.
It always struck me as odd people buy cars so often. My first car I drove into the ground (quite literally at the end!), and my current car has been chugging along for over a decade with no end in sight. A car loan is one of the larger expenses the average household has, and it is one of the expenses that can be reasonably paid off within just a few years.
I knew a couple who drove their vehicle into the ground. The moment when it shit the bed? Deep into the middle of the crazy market of the pandemic, with chip shortages and supply chain issues and all that, so used and new cars were all ridiculously expensive. It’s not just a matter of being smart with your money.
You have to be careful with making plans for black swan events.
Don’t worry, it’s peanuts compared to the FEDs cheap loans they’ve been doing to banks who’d go under.
Don’t forget the subscription fees to use the heater.
Yeah because 28% APR 72 month loans are totally a good idea for the consumer.
I will keep my 20+ year old honda with 236k miles running as long as I can. This is insane. I know a girl 20k underwater on an electric Hyundai that she’s letting the bank repossess…I wonder how many others are in her position.
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