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.
roofuskitAnd 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.