return2ozma@lemmy.world to News@lemmy.world · 1 year agoAmericans Are Falling Behind on Their Car Paymentswww.fool.comexternal-linkmessage-square159fedilinkarrow-up1239arrow-down116
arrow-up1223arrow-down1external-linkAmericans Are Falling Behind on Their Car Paymentswww.fool.comreturn2ozma@lemmy.world to News@lemmy.world · 1 year agomessage-square159fedilink
minus-squarethedevisinthedetails@programming.devlinkfedilinkarrow-up29arrow-down1·1 year 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-squarejrbaconcheese@yall.theatl.sociallinkfedilinkEnglisharrow-up23arrow-down1·1 year agoPeople choose $80k cars on 5-7 year notes because “they can afford the payment” thinking that means they can afford the car.
minus-squareakilou@sh.itjust.workslinkfedilinkarrow-up6·1 year agoExactly. “Not cars” is a solution to a ton of problems.
minus-squarewrath_of_grunge@kbin.sociallinkfedilinkarrow-up6arrow-down1·1 year 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-squareFrostyTrichs@lemmy.worldlinkfedilinkarrow-up5·1 year 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.
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.
Exactly. “Not cars” is a solution to a ton of problems.
fuck cars
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.