Growing share of car buyers paying $1,000 or more in monthly auto payments

[Wild self]

Bootstraps coli never fails . Average car prices are 50k and no most people can't even afford to buy a bucket or a car so cheap with no warranty

None of the Bootstraps Coli even taken into consideration what a random car repair from a mechanic costs. I'll gice you a hint: you better off buying a newer car instead.

 

[Bubba T]

The homey designed his x6 but its off a lease. Now its up and his dream car bout to someone elses unless he buys it for 50k. He can lease another one but the apr is wild he said. He mentioned 15% and up.

If true, its wild out here. It comes out like 1200 compared to whats its now which is 800 for the same model but just a 2023.


These car makers are fukkin wildin.

The homey has middle of the line credit

 

[Bubba T]

$500 a month for a 22.. You're a liar. the article says you're paying 1k a month.

A 25k loan at 60 months @ 5% (credit union rates) is about $470 a month. With the ways these cars are priced these days, one would have to make a hefty down payment just get to this point

 

[mrfortune]

my volvo s60 t6 was totaled a few years ago. bought an 98 chevy work truck for my construction biz. thats my daily driver now lol. getting a ram or similar when it makes sense. ill pass on high ass payments

 

[Wildhundreds]

A 25k loan at 60 months @ 5% (credit union rates) is about $470 a month. With the ways these cars are priced these days, one would have to make a hefty down payment just get to this point

I had this same payment 20 years ago on a $26k Bonneville SSEi.. 1st car I bought new. I believe my down payment was 2 or 3 grand. 5% on $25k is the same no matter what time period. So if you get a $50k car, the payment will double to the $1k this whole thread is about. My point is that if you buy a $50k car, expect to pay a $50k car note.