Auto loan debt hits crisis levels as Americans drown in car payments

[Windows 91]

Just moved to AZ and everybody is driving a 50k+ truck or luxury car lmaoo.

I don't know how they do it man. I see so many dudes with new Raptors, Rams and Silverados with lifts and off-road kits. Women with big Denalis, Broncos, and Wagoneers. They probably paying $1500/month for some of those trucks and SUVs.

 

[Regular Developer]

Glad I've owned my Audi for years took advantage of my mom not charging me for rent while I stayed there, and paid it off with the quickness. Hope the rest of yall get your cars paid off as well.

 

[ORDER_66]

people gotta live within their means dont get that 4 series get a civic and keep your cash it will last longer... plus insurance companies have jacked the prices on everyone so thats another bill...

 

[Shadow King]

nikkas signing them 39.99% APR 120 month contracts on a used charger to keep the payments down

Now this is a predatory loan. Walking in with a rack, a 500 credit score, and a 400/month budget and looking at a 30K car

I bought a used 2015 Jaguar xj for 20 grand cash a few years ago. No problems just an oil change every 10-15 thousands miles.

Every one thinks I’m loaded .

 

[beenz]

I'm this day and age, no one should be getting knowingly ripped off by dealerships. There are easily available finance calculators, plus the dealership provides you a mandatory truth in lending document detailing the total of all payments plus you're interest rates.

 

[beenz]

How you get cheap housing, without living with broke rednecks at the middle of nowhere?

Affordable housing can be found in the Midwest cities. Especially if you're willing to live in a predominately black neighborhood

 

[beenz]

car notes? Tf is that?
wait til they find out about phone payments

Speaking of phone service, I'm using visible, which is only $25 for unlimited everything plus a hot spot.

Recently they introduced plans where u can pay annually and they give you a discount. So my phone service only $300 a year, but if I pay for a year, they charge me like $280. That's a lick!!

 

[JNew]

Yes those car are designed for that. Its a two car that has a 20 gallon gas tank as well.

 

[Hater Eraser]

I hate auto loans but I've been on all sides of this:

having a decent car on a "cheap" loan
having a more expensive car on a loan
buying an older car cash off craigslist

I will never go the craigslist/cash route again unless it's pure desperation. I don't want the stress of 100k+ miles or 15+ years in age.

I'd much rather get a car note I can afford with intent on paying off early and keeping miles low.

Gotta hit up those city tow auctions

 

[Swirv]

Hoop DeVilles for the win

 

[Your Welcome]

They been tore down Bankhead Courts...you cappin!!!!!

*tour

 

[jesc07]

I drive a 10 year old car. I just got it repainted not too long ago which was the same price as most people's car payment.

The thing about buying a car right now is not only will the payment be high but car insurance is sky high too.

 

[Rekkapryde]

but car insurance is sky high too.

all these injury lawyers

 

[Soundbwoy]

Im itching to buy a car but loves not having a car note better

 

[desjardins]

between rent/mortgage and car payments the avg person is down bad right now
my credit score is over 800 and i still could only get 6.25% APR when i copped a car last spring
and reliability is not as simple as people trying make it in here, check all the recalls brands known for reliability like Honda have been having recently