$1,000 car loan payments are on the rise, stressing household budgets

https://lemmy.world/post/43619582

$1,000 car loan payments are on the rise, stressing household budgets - Lemmy.World

Lemmy

The lady bought a $51k Acura and the dude bought a $80k Ram.

These aren’t exactly “just trying to get buy” vehicles. These are financially stupid people not wanting to work within their financial means for a vehicle. They wanted a too expensive for them “looks good so people don’t think I’m poor” vehicle and now are getting bit in the ass by it.

The article is making it out to be they are just trying to get by in life. Uh no.

80k for a newish truck is about average. People are getting fucked with the interest.
Average does not mean good or financially sound decision…
Says someone that doesn’t need a truck for work