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

[Dameon Farrow]

Is this normal?

Hell no.

If you are dropping that much a month you are letting dealerships run a crazy hustle on you. They need that sale trust me.

If they bring you 1000/month get up like you're leaving. If they stop you and say they are going to go see what they can do then they want the sale.

If they let you get up and leave you don't wanna do business with them anyway.

 

[Shadow King]

Well, seeing that isn't not uncommon, it is in fact "normal". I don't pay that but this is the post-Covid era. Unless all non-economy brands are supposed to go under it is what it is.

 

[Back&4th]

$1000+ monthly for a Mustang (high depreciation car)

To DoorDash in?

What is breh thinking?

 

[ROFL_GUY]

$1000+ monthly for a Mustang (high depreciation car)

To DoorDash in?

What is breh thinking?

hes his own "boss" tho!

 

[Samori Toure]

$1000+ monthly for a Mustang (high depreciation car)

To DoorDash in?

What is breh thinking?

That man was not thinking.

 

[BaggerofTea]

Fools

 

[B86]

Or how about they just like them? People are in their car’s every day, some spend hours in them. They can be fun to drive and relaxing hell fOr me it’s the only tIme I have too myself most the time.

Which is fine, but no matter how much you “like” something, it doesn’t mean be financially stupid about the decision to buy one. Nowhere in the world is a car worth $1000/month

 

[Shadow King]

The video itself is highlighting the actual issues and brehs talking about "stunting" lol

 

[3rdWorld]

They see cars as status symbols..

 

[Rekkapryde]

Thats lack of common sense, america needs financial literacy to be thought to its citizens from as low as elementary school, pay 1000 monthly on a depreciating asset with wear and tear isn't smart at all

You'd upset the system doing that.

It's done on purpose.

Half of Congress are millionaires. Most politicians are upper middle class and/or business owners.

It's by design

 

[Laidbackman]

The only reason I still need a car, is if I need to evacuate, or get to the hospital fast.

 

[Wildhundreds]

You crazy as hell if you believe every car you see has a $1k monthly note attached to it.

 

[King Poetic]

U can do what u want wit your money

But if u working from home , is buying a new car and having $1,000 payments worth it??

If u doing door dash, Lyft, etc is getting a new car putting miles on it like crazy really worth $1000 payments..

 

[ROFL_GUY]

You crazy as hell if you believe every car you see has a $1k monthly note attached to it.

iwiil ass u me you live in the south. where the hrocery store is 10 miles from the crib

 

[Rekkapryde]

If your car note is more than your rent/mortgage or close to it, you hustling backwards. That simple.