Americans behind on their car payments at a 30 yr high !

[DGS49]

If you have a car payment that you cannot afford, that has nothing to do with increasing car prices or interest rates. It has to do with making a poor decision in your life. Cars are lasting longer now than ever, and regardless of what your budget is, you can find a decent vehicle without breaking your own piggy bank.

 

[ABikerSailor]

My personal opinion? A used car works fine, and it's possible to find a good used car for a fairly cheap price and pay cash for it.

Car payments aren't required for decent cars.

 

[Moonglow]

Living above your means?

I see farmers driving around new $75k-$100K duellys...

 

[Crepitus]

the left is constantly touting Bidenomics even though the cost of living has skyrocketed in the past 3 yrs ... and now new data says Americans behind on car payments is at a 30 yr high !

Americans Are Overdue With Their Car Payments At Highest Rate In Nearly 30 Years

Car owners are failing to keep up with auto loans amid a boom in interest rates.

www.forbes.com

Have you seen what new cars go for?

This is no surprise.

 

[Moonglow]

My personal opinion? A used car works fine, and it's possible to find a good used car for a fairly cheap price and pay cash for it.

Car payments aren't required for decent cars.

I buy them low and fix them and save my dough for hookers and blow.

 

[Moonglow]

Have you seen what new cars go for?

This is no surprise.

More than my first house.

 

[Crepitus]

I see farmers driving around new $75k-$100K duellys...

Who then say things like "Don't scratch my bed!!!"

 

[Crepitus]

More than my first house.

I bought my first house in 1987 for $20K.

 

[Moonglow]

I bought my first house in 1987 for $20K.

1986 for me and it was 40K.

 

[Moonglow]

Who then say things like "Don't scratch my bed!!!"

They use it to haul farm crap in so it must be okay to throw yer trash in the bed when you pass by.

 

[Superbadbrutha]

due to xidenflation americans are having to decide between paying for food or heat, or a car payment

It’s sad.

So are you walking and full or riding hungry?

 

[Votto]

due to xidenflation americans are having to decide between paying for food or heat, or a car payment

It’s sad.

That is why you will soon need public transportation to get around and public subsidized housing.

 

[Votto]

You're going to be docile and easy to manipulate if you have no transportation.... right?

View attachment 847563

BIg Mortgage companies and Joe Biden, a match made in hell.

 

[struth]

If you have a car payment that you cannot afford, that has nothing to do with increasing car prices or interest rates. It has to do with making a poor decision in your life. Cars are lasting longer now than ever, and regardless of what your budget is, you can find a decent vehicle without breaking your own piggy bank.

Interest rates have nothing to do with car payments?

 

[Crepitus]

They use it to haul farm crap in so it must be okay to throw yer trash in the bed when you pass by.

Actually they won't. No hauling whatsoever in the cowboy caddie. Hell it probably never sees rain. They have an old beater for that.

 

[Lord-Humungus]

If only more people bought Electric Vehicles that would solve the problem,

 

[Moonglow]

If only more people bought Electric Vehicles that would solve the problem,

I bought my kids electric vehicles when they were little but adult car prices have always risen.

 

[22lcidw]

Yeah, it's not like vehicles are high as fuck along with insurance, oh fuck no...

Progs got involved many years ago. And wallah!

 

[Moonglow]

Progs got involved many years ago. And wallah!

I have never seen the prices of new cars be reduced in price except for when a guy named Henry Ford did it.

 

[yidnar]

Who's fault is it when someone buys something beyond their ability to pay for it?
Who's fault is it when they finance with a predatory lender at outrageous interest rates?
Who's fault is it when they buy a used vehicle and it breaks and they go under water because it's not worth fixing?
Doesn't matter who you are politically, but of course it's the oppositions fault. Right Idnar?

"The average monthly car payment is $729 for new cars and $528 for used"

What’s the Average Car Payment Per Month? - NerdWallet

The average monthly payment is $734 for new cars and $525 for used cars. This is a benchmark as several factors will determine your actual monthly car payment.

www.nerdwallet.com

people gotta eat and put fuel in cars before they make payments pal .. when people have to spend 50% more for food and fuel many will get behind on not just car payments but rent utilities ect .. face it ! people are suffering because of who democrats vote for .