return2ozmaFeb 26

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

https://lemmy.world/post/43619546

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

Lemmy

Show threadLawnman23Feb 27

The 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.

Show threadroofuskitFeb 27
In fairness 51k ain’t even luxury prices anymore. Low end cars start at 30k now.
Show threadhemko

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

Feb 27 at 7:24amWeb
Show threadroofuskitFeb 27
The US is almost devoid of subcompacts. Because when gas prices go down stupid people decide they don’t need them and buy bigger vehicles. And most companies have stopped making them or importing them.