return2ozma$1,000 car loan payments are on the rise, stressing household budgets
Lawnman23The lady bought a $51k Acura and the dude bought a $80k Ram.
These aren’t exactly “just trying to get by” 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.
roofuskitIn fairness 51k ain’t even luxury prices anymore. Low end cars start at 30k now.
I’m not sure how it goes with tariffs, conversation rates and whatnot but in last I checked the low end cars in Europe started from way under 20k, Kia picanto for example is 18k
And that’s brand spanking new cars, that are always a bad deal. Few years older and you can drop half the price for basically still a new car
And they burn $3-5K less gas, and cost less to insure. This is the 5 year math everyone should do but nah, people buy cars on childish impulses.
Not justifying these people but there are legitimate reasons some people can’t buy the cheapest possible car, like family size and capacity needs.
I own a subcompact because we’re a family of 3 with a small to mid sized dog. We live in a very urban area so the smaller car is definitely a boon in most cases.
We also have access to decent to very good public transport and a relatively bike friendly area.
Bullshit. I raised three kids in a small car. No one needs a V8 pickup or SUV for an 8lb baby.
It’s just an excuse to consume.
It was $51k for a used car.
If it was new I could understand, but that much for a used car is crazy. I’m guessing she had to buy when used car prices were almost the same as new, but I feel like that’s still a lot.
We bought a new 2025 Corolla for $24k.