But why? Isnt the sub-25k car still a thing?
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Not new.
The lady bought a $51k Acura and the dude bought a $80k Ram.
These aren’t exactly “just trying to get by” vehicles. These are financially stupid people not wanting to work within their financial means for a vehicle. They wanted a too expensive for them “looks good so people don’t think I’m poor” vehicle and now are getting bit in the ass by it.
The article is making it out to be they are just trying to get by in life. Uh no.
In fairness 51k ain't even luxury prices anymore. Low end cars start at 30k now.
I'm not sure how it goes with tariffs, conversation rates and whatnot but in last I checked the low end cars in Europe started from way under 20k, Kia picanto for example is 18k
And that's brand spanking new cars, that are always a bad deal. Few years older and you can drop half the price for basically still a new car
Yeah….the customers are the problem…not the tariffs, not the auto industries, not the financial industries, not the marketing practices of these companies.
Even people who’ve been doing relatively well have had their costs jacked up even more as we move from income taxes to tariffs. Wages in the bottom have remained stagnant. First time home ownership’s average age is 40. They’ve/We’ve all drank the materialist capitalist kool-aid and it’s hard to take back what control we do have.
A record share of Americans — more than 20% — agreed to pay more than $1,000 per month for a new car loan at the end of the year, according to car sales site Edmunds.
fuk... that's absurd. I felt bad agreeing to 300/month. I'd laugh at the dealer, call em drunk and never return if they tried that shit
Yeah, my car payment is $250 and I hate paying that much.
Just bought a Subaru and payment is 271. That less then my truck payment was back 8 years ago when I paid it off. I told them to get fucked when they tried to make it 394.
That's outrageous!!
Why in the fuck would u pay that and not just buy a shitbox for like 2k
I'm driving a car from 2005 (original owner!) but off the top of my head: bad credit, or needing a vehicle that can handle a long drive commute reliably.
If u can pay that much to rent u can afford to buy some shitbox outright no credit required. Most of the shitboxed I've driven or my mates have driven are reliable as shit just ugly with no ac, and a broken stereo.
Where I live 2k will get you a car with a bad transmission or thrown rod in the engine.
If u can pay that much to rent u can afford to buy some shitbox outright no credit required.
yeah but some of us can't rely on a shitbox to get us 75 mile round trips. good story glad you've been shitboxmaxxing much better than anyone else I know.
If you’re not paying cash for your car, you can’t afford it.