Americans have 1.6 trillion in car loan debt?

[Remote]

Im 43 with 2 cars both with 50,000 miles on it and i work from home

 

[ORDER_66]

People getting loans on expensive ass cars they cannot afford you dont need that 3 series bruh!!!

 

[Fanservice]

That feel when you have $20k+ left to pay off a car you don’t even want anymore, but if you sold it now, you’d still owe the bank $5k-$10k cuz of the high apr and drop in value

 

[Bubba T]

Contributed 5 figures of that debt

 

[LDC]

Toyota just had a major recall on their new Tundra engines blowing up too

Them cars starting to sit on the lots longer too so they bout to start feeling it. Dealers where I'm at offering 0% APR for 60 mos on the Tundra, Tacoma, Camry and Grand Highlander now.

 

[Chrishaune]

Them cars starting to sit on the lots longer too so they bout to start feeling it. Dealers where I'm at offering 0% APR for 60 mos on the Tundra, Tacoma, Camry and Grand Highlander now.

But they are charging $50k+.....They are getting it back, all of it.

The supplies to build these cars were paid for years ago when inflation wasn't as high.

 

[big bun]

The feeling of sitting in a 2024 something is so much better than those rust buckets y’all talking about. Be mad, broke brehs

 

[AAKing23]

The feeling of sitting in a 2024 something is so much better than those rust buckets y’all talking about. Be mad, broke brehs

A car is not a reliable indicator of wealth

 

[dora_da_destroyer]

Broke nikka babble. Everyone doesn't have bad credit. My car loan which I took out in 2018 has a 1.99% rate....

The fact you’re still paying on a car 6 years later…5 years used to be the longest loan, most people were doing 3-4 yr loans. Now the industry got people happily paying cars off for 6/7/8 years

 

[big bun]

A car is not a reliable indicator of wealth

Where did I say anything about my wealth?

 

[CashmereThoughts]

$0 debt G train / L train gang

 

[Taadow]

...now, Imagine doing that for a broad!

It's call marriage

 

[Chrishaune]

...now, Imagine doing that for a broad!

It's call marriage

A lot of dudes are living in a house made of sticks with a foundation of sand.

 

[AAKing23]

Where did I say anything about my wealth?

You inferred that we’re broke brehs because we not sitting in a 2024 something

 

[big bun]

You inferred that we’re broke brehs because we not sitting in a 2024 something

Again…where did I mention my wealth?