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

Luke Cage

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My current car payment is $448 per month. it was new when i got it. but before that i bought a used car that was 7K total and i just paid cash. you can find a reliable 2011 something right now for 5K. makes no sense to spending 1k a month for a car. alot of people are trying to get shyt that is less than 3 or 4 years old when they can't really afford them. It's not the 80s anymore you not gonna find a lemon in a 2011 car unless the previous owner wrecked that shyt, which will show up on the carfaxs anyway. even if it did crap out on you, the money you save you can just cop another one and you still spent less than that 1k a month
 

Ezekiel 25:17

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you not buying those at 30k i promise you
And what are you basing that on?


2023 Chevy Malibu under $30k

2023 Honda Civic under $30k

2023 Honda Accord $30k

2023 Toyota Corolla Under $30k

2023 Jeep Renegade Under $30k

2023 Hyundai Elentra Under $30k
 

King Sun

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And what are you basing that on?


2023 Chevy Malibu under $30k

2023 Honda Civic under $30k

2023 Honda Accord $30k

2023 Toyota Corolla Under $30k

2023 Jeep Renegade Under $30k

2023 Hyundai Elentra Under $30k
Dealers are charging over MSRP. You get there it will be 40k by the time you get out.


Again bootstrappers this is how people wind up paying 1k
 

Shadow King

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Here's a 2023 Honda Civic for $26,000.


2600 down
60 months
7% interest

$460/month. And that's the minimum.



Again, what is everybody talking about?
It's closer to 27 than 26, and when everything is all said and done the total will be 30-31.

We've done this shyt already. Again, everyone cannot drive the compact economy car.
I don’t even know the issue. I'm just mad or you don't want to take sound advice. You tell me the issue and I'll sit and take the L like the silly curmudgeon I am.
You good
 

Shadow King

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And what are you basing that on? You keep tabs on all the dealerships in the area? Somebody with dumbass negotiation skills who can't do any research?
You're pushing a 22 year old Lexus. You don't know the market so stop speaking.
 

King Sun

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Ezekiel 25:17

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You're pushing a 22 year old Lexus. You don't know the market so stop speaking.

:what:


Let's make a ban bet. I will go to a few dealerships within the next couple of weeks. Guarantee you I find a new vehicle under $30k.

Y'all so confident. Should be easy bet right?
 
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