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

[sicksoulja]

People kill me telling people what people shouldn’t buy, just because you don’t think it’s a good idea. These are the same people that’s probably copping 400 resold Js, or buying luxury purses like Louie and Gucci.

News flash cars ARE NOT CHEAP I wish they were. New Cars cost out the ass, and guess what Used Cars do as well. Which is ironic cause your used car is doing a solid job holding some resale value. Your car is an investment if you want to invest in an old ass car that is a liability that’s a money pit then go ahead my friend do you.

 

[Soylent Greenz]

Dealers are charging over MSRP. You get there it will be 40k by the time you get out.

New cars are still selling for over MSRP. Here's how to avoid sticker shock

New car buyers paid more than the sticker price in September for a record sixteenth straight month. Is it time for auto consumers to stop paying over MSRP?

www.cnbc.com

Again bootstrappers this is how people wind up paying 1k

This is common knowledge to anyone who has visited a dealer in the past 3 years or hell...maybe ever.
Those listed prices are just to get you to the dealership.

Unless you go there armed with a substantial amount of cash,and probably also Bank/credit union pre approval,you will be paying significantly more.

 

[Shadow King]

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?

After all taxes and markups? You will be dealing with a very specific class of car which I already told you everyone cannot go for.

Feel free to do your experiment.

 

[King Sun]

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?

Nobody said you can't on average across the board people are paying more because cars across the board are expensive . You can take that ban bet with yourself anecdotal evidences doesn't mean you're right.

 

[Ghost Utmost]

Damn. Guess the ole 2009 Accord gonna have to carry me for the foreseeable future

 

[the bossman]

Thats lack of common sense, america needs financial literacy to be taught to its citizens from as low as elementary school, pay 1000 monthly on a depreciating asset with wear and tear isn't smart at all

Folks are stupid. Long as somebody willing to pay it somebody willing to sell it for that price

People need to let the auto market reset. The problem is people are narcissists who see cars as an extension of themselves and are willing to ruin themselves financially over impressing people who don't care about them.

I can tell there's a lot of posting

The average price for a used car has actually doubled in the past 10 years.

This is not all just people being reckless with finances or trying to impress

 

[Ezekiel 25:17]

After all taxes and markups? You will be dealing with a very specific class of car which I already told you everyone cannot go for.

Feel free to do your experiment.

The class I brought up are entry level economy cars.

 

[Wildhundreds]

cars are high anywhere you go. you can't shake high interest and dealers charging 2k-10k more for used cars that aren't even worth the extra

Thats now. This shyt with these car prices won't last too much longer. We're only 3 years into this dilemma anyway. And even still, a larger portion of americans still won't find themselves having to buy a $50k+ car. Y'all stats collide with other stats y'all post about income and they dont add up.

 

[King Sun]

Thats now. This shyt with these car prices won't last too much longer. We're only 3 years into this dilemma anyway. And even still, a larger portion of americans still won't find themselves having to buy a $50k+ car. Y'all stats collide with other stats y'all post about income and they dont add up.

How? please link me because I'm not talking about what I think and posting proof and its not going away anytime soon unless the fed decides to lower the interests rates

 

[Wildhundreds]

I can tell there's a lot of posting

The average price for a used car has actually doubled in the past 10 years.

This is not all just people being reckless with finances or trying to impress

So old people not out here in the car market now? I bought my son a car 2 years ago and it wasn't even $6k.. Still running strong.

 

[King Sun]

I can tell there's a lot of posting

The average price for a used car has actually doubled in the past 10 years.

This is not all just people being reckless with finances or trying to impress

No its just in your head people need to be more responsible and buy a 2001 Sentra for 3k cash

 

[Wildhundreds]

How? please link me because I'm not talking about what I think and posting proof and its not going away anytime soon unless the fed decides to lower the interests rates

Ok dude.. Im not debating your personal issues and people like you any longer.

 

[Ezekiel 25:17]

Nobody said you can't on average across the board people are paying more because cars across the board are expensive . You can take that ban bet with yourself anecdotal evidences doesn't mean you're right.

A basic economy car DOES NOT add up to $1000/month payments. The guy in the video was driving a new Mustang GT which goes for $40k easy, that's not a basic car.

 

[Ezekiel 25:17]

All these folks complaing about $48k average price are buying luxury and sports cars. Mustang GT, Scat Pack, A3 Audi, BMW 3 series.

They skipping over basic cars and then complaining about high monthly payments.

 

[Shadow King]

The class I brought up are entry level economy cars.

Which will be marked the fukk up like you've been told about 5 times. And, for the dozenth time with you on this topic across multiple threads, everyone is not going buy the entry level economy car.