Detroit Wave
Veteran
This ain't sustainable
Growing share of car buyers paying $1,000 or more in monthly auto payments
- Thread starter TheKongoEmpire
- Start date
I still want a Model Y but I drive to much to the point I will trash it's value immediately.
I baught a brand new RAV4 for the wife because I only drive beaters and was subjecting my wife to it also. She got stranded once and I couldn't do that to her again. If I break down it's all good I'll figure it out but she would be lost. We make damn good money but I don't like spending like that. I drive a 4Runner with high miles but I think I can get another 150k on it till it's ready to go. My next car tho I'll splurge on a new Tesla Model Y. When the times come I'll see if my cheap ass back off and get a used one.
I baught a brand new RAV4 for the wife because I only drive beaters and was subjecting my wife to it also. She got stranded once and I couldn't do that to her again. If I break down it's all good I'll figure it out but she would be lost. We make damn good money but I don't like spending like that. I drive a 4Runner with high miles but I think I can get another 150k on it till it's ready to go. My next car tho I'll splurge on a new Tesla Model Y. When the times come I'll see if my cheap ass back off and get a used one.
gonnagetit
Banned
I pay $0 per month car payments
beenz
Rap Guerilla
anyone who continuously chooses to get new cars in a perpetual cycle of monthly car payment is destined to NOT to become wealthy. it's such a waste of money.
beenz
Rap Guerilla
84 months is already becoming routine. my current car, I got a 60 month term, and paid it off in 46 months
I don't agree.
Cars are my hobby. I buy cars correctly. I normally make money on sale despite only keeping cars for 1-3 years. My current car should net me $9,000 when I sell it to Carmax. I'll turn that around, buy this Mustang and should be up significantly in year 2 if current trends remain consistent.
Its definitely not stopping me from building any type of wealth. My payment currently is 5% of my monthly net pay and will rise to 10% if I buy what I'm planning to.
Other people like to blow money on clothes, shoes, travel, partying, furniture, jewelry, etc. I don't spend on any of that.
Last edited:
What are the actual issues here? Those I know who got $1k car notes have high end cars that run north of $60k.. I don't care for or feel sorry for anyone putting themselves in debt for a vehicle.
I mean democrats would be in favor of this, but republicans would immediately turn around and call it "woke".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
Republicans won't spend money that won't help their own personal business interests. If it were up to them we'd have immaculate roads and shipping ports, but the people would be poor looking like those 1920s factory workers from those old black and white pictures in text books.
Other first world countries don't have such a hostile business class. We have never had a "let them eat cake" moment with our (republican)businessclass so they are showing their whole azz in congress.
warren buffet drives a 06 caddy
Here’s Warren Buffett’s Simplistic Car Collection
Who would know the richest person on earth owns a Cadillac and a Lincoln, instead of fancy supercars? Warren Buffett’s Car Collection might be simplistic but noticeable.
I’ve lived in the south my entire life and have never lived more than 2 miles from a grocery store.
beenz
Rap Guerilla
how do you routinely make a profit trading in a depreciating asset to carmax? the math ain't mathing here.
just cuz used car values have gone up for the last year or 2 doesn't mean this will continue when it never has in the decades prior.
i lived in SC for 3,months then left.. i lived in los angeles my whole life.. shyt felt like i went back on time to 1908
boiled peanuts were good tho!
and that cookout resteraunt
Breh you replying to must live in the "country"..
When I say made, I mean ended ownership with positive equity. Not profit in a literal sense. Well, I take that back, I have sold a couple of cars for more than what I bought them for.
Only car i lost my ass on recently was a 2013 Miata that I pretty much walked in and bought with no negotiation. That was stupid.
Buy cars that don't depreciate like a rock at a good price you won't lose your ass. It also helps that I work from home. I only drive about 7,500 miles a year.
Like I said, doesn't put enough of a dent in my budget to stop me from putting money away.
Last edited:
