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New cars cost what a house used to cost. 7 year loan is wild.
Yeah, and pay hasn’t gone up for over 20 years
CEO pays have. Everyone else … not so much.
New cars are the house
In the future instead of renting an apartment you will rent a parking space and P.O. Box so that you can sleep in your car. The laundromat and showers might be included or they might be pay per use.
you need an address to rent a PO box
My parents were crazy apocalypse preppers, the first 10 years of my life we lived in tents and vans, they had PO boxes the entire time. It’s not exactly nuclear-bunker level security.
Also, commenter above hypothesizing a new housing/living regime entirely which doesn’t seem that far off tbh.
I mean if I get a decent mobile I might as well
It’s like every car salesman next to a military base spread to the whole country like an invasive species…
But only 1 retains it’s value. 10 years in and that car is worthless.
My prius cost nothing when I got it and it’s still worth shit
HOLY SHIT.
84 months!
We are going to continue to drive our 16 year old car and 8 year old car around for a while longer, I hope. I cannot imagine paying for a car for 7 years, damn.
My previous car I did 60 months at 0%. They were offering, I knew I’d drive it that long, so why not.
And for a solid five months I had no car loan to pay!
Mine’s 18 years old. Aside from some clear coat chips, she drives great. No need for a new car. I plan to drive this car til the wheels fall off.
HOLY SHIFT.
If they’re offering 0% for 132 months, I’m doing it.
Especially as cars do come with 7 or more years of warranty, like KIA.
If you give me 0% for more than 5 years? Sure, I’ll take it. Our EV is 2021 model, I’m in no rush to sell it. I’ll reach the mileage warranty unfortunately before the timed one.
People buy new cars?
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Used car? $3000
New car? Sell three children and keep a monthly payment plan.
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You’re kidding. I have never paid more than $3300 for a used car.
South Mississippi. It’s not even hard yo. I got a 1995 GMC truck for you for like $400, it just needs new keys, a new battery, and maybe some gasoline.
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Can everyone quit giving me shit?
I got a 1995 GMC Sonoma for sale right now, only asking $400
Yeah it needs a little work, it needs a new battery and new key+ignition lock.
Fuck, where the fuck you people getting used vehicles for $10K?
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Where can you find a used car for $3k?
Apparently not. Apparently they rent them, just like their homes.
Wait stop don’t.
-Willy Wonka
That’s a crazy decision to make. I own my car outright thankfully. In the future once my car is used up and completely in the green as an investment to commute to work, I’m going to consider leasing a very modern electric vehicle for 2 years.
Under 3% I’ll take the longest loan I can… It’s free money. Above 6 it’s a perpetual loss. 4 or 5 is borderline.
