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return2ozma@lemmy.world to Late Stage Capitalism@lemmy.world · 4 days ago

$1,000 car loan payments are on the rise, stressing household budgets

www.cnn.com

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  • aboringdystopia@lemmy.world
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$1,000 car loan payments are on the rise, stressing household budgets

www.cnn.com

return2ozma@lemmy.world to Late Stage Capitalism@lemmy.world · 4 days ago
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  • cross-posted to:
  • aboringdystopia@lemmy.world
  • news@lemmy.world
$1,000 car loan payments are on the rise, stressing household budgets | CNN Business
www.cnn.com
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Record-high car prices coupled with high interest rates are leading to huge monthly car payments for many Americans.
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  • MuskyMelon@lemmy.world
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    3 days ago

    So stupid

  • Lawnman23@lemmy.world
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    4 days ago

    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.

    • ClassStruggle@lemmy.ml
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      3 days ago

      80k for a newish truck is about average. People are getting fucked with the interest.

      • Rooster326@programming.dev
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        3 days ago

        Average does not mean good or financially sound decision…

        Absolutely nobody needs the leading vehicle for DUI arrest and by a lot a Ram 2500

        https://www.thedrive.com/news/38238/ram-2500-drivers-have-the-most-duis-more-than-twice-the-national-average-report

        • ClassStruggle@lemmy.ml
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          2 days ago

          Says someone that doesn’t need a truck for work

  • solrize@lemmy.ml
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    4 days ago

    Buys an Acura RDX SUV and is surprised that it’s expensive. Isn’t that kind of the point?

  • StinkyFingerItchyBum@lemmy.ca
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    3 days ago

    Expensive for a vehicle, yes. But as a home it’s cheap!

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