Americans can’t afford their cars any more and Wall Street is worried

https://lemmy.world/post/37630345

Americans can’t afford their cars any more and Wall Street is worried - Lemmy.World

If only we had invented and built some sort of alternative mode of collective transportation. Maybe it could be in tunnels and ride on metallic rails. It would serve many people and make periodic stops to the same locations instead of the highway clusterf- we have today. Sad that we don’t, but a man can dream though. A man can dream though. A man can dream.

Fake News. All my homies can’t wait to go sixty goddamn thousand dollars in debt to by a house-sized . . I wanna say . . truck?

Me though, been pulling extra shifts - got my eye on that $90,000 volvo EV. Mmmm! You basically can’t afford NOT to buy it!

If I had the money lying around I’d totally buy a midlife crisis car. A v8, automatic coupe style with a real healthy rumble to it. I drive less than 3k miles/year, and barely travel far enough to make the lowest end of the fuel efficiency range. You know the kind of car that says “yeah this car is for fun, and that dude is probably not alright”.

But I have class so at minimum I’m looking at burning $60k on like a used Lexus RC F.

Like come the fuck on you know? Even if I ponied up “half” that cost, the 5 year loan runs $700/mo. $700. Who the absolute fuck has a monthly extra $700 just sitting there right now AND that mystery $30k I mentioned.

Are people just not able to math?

Don’t forget about insurance and property tax. The monthly payment isn’t all you have to spend.

Registration fees too.