$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

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.

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

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.

I got my car when used car prices were up because I had no choice, so yeah there’s no excuse for that shit.