Monthly car payments hit record high of $712 in May

[Son Goku]

Thread illustrates what me and my coworkers used to joke about when we were selling whips.

We used to say, no matter what the price was, everybody wanted to walk away with keys at ‘bout tree-fiddy a month, regardless of the fact that they were either upside down or had no trade, had little or no money down, and were only interested in 30 plus thousand dollar vehicles.

 

[BigMoneyGrip]

lol Mazda and Hyundai are high too, the palisade is in short supply and all those mazda suv's/crossovers are highly ranked as they begin to go into entry luxury space. I pay 475 on a 72 month lease for 2022 VW Taos, I couldn't shop around like I wanted because my car died on me and needed to buy something, also wasn't going to buy used as I'm overpaying for a used car.

A 72 month lease breh? Are you fukkin drunk? Nobody leases a vehicle for that long bro

 

[Alvin]

A 72 month lease breh? Are you fukkin drunk? Nobody leases a vehicle for that long bro

That’s 6 years my bad

 

[BigMoneyGrip]

That’s the reason my wife and I both bought Teslas. We went to look for a car after her lease ended in February, and dealerships were making up prices with no reasoning. She test drove Tesla’s SUV and just ordered it online. After I drive it a few times, I hopped online and ordered one also. No hassles or bullshyt markup. fukk them scheming ass dealers.

It’s better EV alternatives out there bro you didn’t have to buy from Maga hat Elon… lmaoo

 

[CapitalforCapital]

A 72 month lease breh? Are you fukkin drunk? Nobody leases a vehicle for that long bro

Dude might as well financed dealer ain’t shyt. He coulda just traded it in at the 3 year mark.

 

[BigMoneyGrip]

Trick if your going to buy a new vehicle actually buy it and not lease and make sure it’s a vehicle that holds its resell value because that way when you ready to sell not only will that positive equity to be enough for a nice down payment on another vehicle but the rest of the positive equity you can pocket..

i neighbor just sold his 2015 F150 Raptor with 80k miles for $60K.. guess how much he purchased it for brand new? $58k

 

[Serious]

Still

 

[Deafheaven]

Still

Idiots

 

[CrimsonTider]

Idiots

Depends on what they’re driving

 

[franknitty711]

Proudly driving my old Lexus lS430 sedan. I put 4500 into it last year will last me another decade.

 

[Spence]

That’s the reason my wife and I both bought Teslas. We went to look for a car after her lease ended in February, and dealerships were making up prices with no reasoning. She test drove Tesla’s SUV and just ordered it online. After I drive it a few times, I hopped online and ordered one also. No hassles or bullshyt markup. fukk them scheming ass dealers.

Exact same thing happened. Gas went up to $6 a gallon and we both said
Ordered a used Model S Tesla and the gas car sits multiple weeks (it been paid off for several years now) in the garage. So much so that I’ve had multiple oil changes due to age of oil instead of mileage

 

[Deafheaven]

Depends on what they’re driving

This is an average I imagine so does it really? Not even trying to start a fight either

 

[OperationNumbNutts]

I would rather move to a major city public transit before paying $700 a month for a vehicle.

 

[Windows 91]

Still

Damn, $700 a month is wild. That's almost rent in some places. My daily driver cost me $850, dude was just trying to get rid of it. It's a bucket but I love it.

 

[MikelArteta]

Cars are crazy expensive and the wait time for a new vehicle is ridiculous. I was helping someone look for a car for a 3-year-old vehicle with like 40,000 clicks on it was the exact same price as a new car. The only difference was the wait for a new car is 4 months.