More Than 80 Percent Of Americans Can’t Afford New Cars
Experts say you should earn $100K before buying a new car so you don’t spend more than ten percent of your monthly income on payments
You're viewing a single thread.
Just bought an 11 year old car for 12k. Because a new one would've wiped out my savings and then some after saving for 5 years to replace my 20 year old car. Nobody can afford shit.
People need to stop "pretending" they can afford all this shit, it's not needed and noone cares, who are people showing off too?
New iphone? Don't need it
Maybe if we stop buying shit these companies will actually try
They’ll just cut you off from your subscription if you don’t buy buy buy.
That’s all the 80 month car loans are at this point.
I'm curious. What car did you buy? I hate how everything is so inflated. I bought a mint civic si for 8 grand like 6 years ago. I kinda want insight/realize everything is fucked.
We picked up a 12 year old civic hatchback before Covid for 5k and it was in immaculate like-new condition, low miles. It got totaled right after our other car’s engine finally wore out. I then found a 10 year old Toyota for 16k. It was the lowest price in a 200-mile radius for cars/small trucks with under 150k miles on them that weren’t limping/totaled/savaged.
It was fucking flabbergasting.
You got yours 6 years ago. 8k was about average for a decent used car then. Now you're paying almost full price for a 5 year old car or if you're okay with a shit box that may or may not last then you can drop 5k. I got a 2012 GTI.
![[HN] More Than 80 Percent of Americans Can't Afford New Cars](https://radiation.party/pictrs/image/021d0161-de1a-4b5b-9f00-65b221218899.jpeg?format=webp&thumbnail=196)