A record number of owners spend more than $1,000 on their monthly car payments. Read on to learn how to cope with payments that are too high.
  • thedevisinthedetails@programming.dev
    511·
    1 year ago

    While I agree cars themselves are just insanely expensive. A $25k car has you at $450+/month and this is if you have excellent credit.

    We need other options besides cars and unfortunately they’re the only option for many people.

    • jrbaconcheeseEnglish
      371·
      1 year ago

      People choose $80k cars on 5-7 year notes because “they can afford the payment” thinking that means they can afford the car.

    • wrath_of_grunge@kbin.social
      102·
      1 year ago

      there are a great many cars to be had for less money.

      maybe people shouldn’t buy cars that cost half their yearly wages?

      • FrostyTrichs@lemmy.world
        5·
        1 year ago

        There are some people in the US financing cars for 7-10 years. Half their yearly salary is actually more like 2x their yearly salary for many of them.

        • NightAuthor@lemmy.worldEnglish
          2·
          1 year ago

          Drive a Prius, all the cool kids are. Gen 2 makes you look kinda poor, but you still get green points. Gen3+, ur golden

          • CADmonkey@lemmy.world
            2·
            1 year ago

            I actually have a mirage. The only neighbor who makes fun of me is the guy next door, he has a truck, maybe if he tries real hard it will run one day.

            Someone picks him up for work in a gen-2 Prius.