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return2ozma@lemmy.world to News@lemmy.world · 3 years ago

Americans Are Falling Behind on Their Car Payments

www.fool.com

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Americans Are Falling Behind on Their Car Payments

www.fool.com

return2ozma@lemmy.world to News@lemmy.world · 3 years ago
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A record number of owners spend more than $1,000 on their monthly car payments. Read on to learn how to cope with payments that are too high.
  • thedevisinthedetails@programming.dev
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    3 years ago

    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.

    • jrbaconcheese@yall.theatl.social
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      3 years ago

      People choose $80k cars on 5-7 year notes because “they can afford the payment” thinking that means they can afford the car.

    • wrath_of_grunge@kbin.social
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      3 years ago

      there are a great many cars to be had for less money.

      maybe people shouldn’t buy cars that cost half their yearly wages?

      • FrostyTrichs@lemmy.world
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        3 years ago

        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.

      • CADmonkey@lemmy.world
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        3 years ago

        But if I drive a Mirage the neighbors will make fun of me.

        • NightAuthor@lemmy.world
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          3 years ago

          Drive a Prius, all the cool kids are. Gen 2 makes you look kinda poor, but you still get green points. Gen3+, ur golden

          • CADmonkey@lemmy.world
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            3 years ago

            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.

            • NightAuthor@lemmy.world
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              3 years ago

              Lmao, I wish him luck with his truck.

    • akilou@sh.itjust.works
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      3 years ago

      Exactly. “Not cars” is a solution to a ton of problems.

      • Uranium3006@kbin.social
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        3 years ago

        fuck cars

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