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return2ozma@lemmy.worldBanned from community to News@lemmy.world · 11 days ago

More Than 1 in 5 New Car Buyers in the U.S. Are Taking Out Loans of 84 Months or Longer

www.roadandtrack.com

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More Than 1 in 5 New Car Buyers in the U.S. Are Taking Out Loans of 84 Months or Longer

www.roadandtrack.com

return2ozma@lemmy.worldBanned from community to News@lemmy.world · 11 days ago
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More Than 1 in 5 New Car Buyers Taking Out Loans of 84 Months or Longer
www.roadandtrack.com
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A rising percentage of American new car shoppers are stretching out their payments for seven years or more.
  • over_clox@lemmy.world
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    11 days ago

    People buy new cars?

    • toast@retrolemmy.com
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      11 days ago

      I bought my current car new - over 20 years ago.

      • over_clox@lemmy.world
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        11 days ago

        How many years did it take you to pay it off?

        Buy a used car, it’s yours, no bills.

        • dazzlingclitgame@lemmy.world
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          • over_clox@lemmy.world
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            11 days ago

            And I grew up on a junkyard. Nobody ever signed up for a payment plan, they just paid straight cash.

            • dazzlingclitgame@lemmy.world
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              • over_clox@lemmy.world
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                11 days ago

                I’m literally trying to hock off a 1995 GMC Sonoma for $400 right now. Nobody seems to want it.

                New battery and new keys and it should run just fine.

                • dazzlingclitgame@lemmy.world
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                  • over_clox@lemmy.world
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                    11 days ago

                    Bitch bitch, $400, take it or leave it.

                    I really don’t understand why people complain, either fix it up or sell it for scrap metal, why is it so difficult to sell a truck for $400?

          • PetteriPano@lemmy.world
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            11 days ago

            Well, that’s no time to tale a loan for a new car.

            • dazzlingclitgame@lemmy.world
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      • over_clox@lemmy.world
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        11 days ago

        Used car? $3000

        New car? Sell three children and keep a monthly payment plan.

        • dazzlingclitgame@lemmy.world
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          • macaw_dean_settle@lemmy.world
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            10 days ago

            You’re kidding. I have never paid more than $3300 for a used car.

          • over_clox@lemmy.world
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            11 days ago

            South Mississippi. It’s not even hard yo. I got a 1995 GMC truck for you for like $400, it just needs new keys, a new battery, and maybe some gasoline.

            • dazzlingclitgame@lemmy.world
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              • pishadoot@sh.itjust.works
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                11 days ago

                I guarantee you can go on Craigslist for your area right now and find cars that run for like $1k or less.

                Probably all hoopdie ass shitboxes, but wait a couple months and keep an eye and you’ll find something that runs from the 2000s that’s not a total piece of shit for like $3k, with around 300-350k miles.

                Are they great? No. Cheap as hell to insure? Yes. Cost the same price as 5 months of a car payment, and last for years with basic maintenance costs and worse gas mileage? Very likely yes.

                • dazzlingclitgame@lemmy.world
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                  • macaw_dean_settle@lemmy.world
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                    10 days ago

                    Bull. I still have most of the cars I bought for $3000 and they still run. You sound inept.

              • over_clox@lemmy.world
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                11 days ago

                Can everyone quit giving me shit?

                I got a 1995 GMC Sonoma for sale right now, only asking $400

                Yeah it needs a little work, it needs a new battery and new key+ignition lock.

                Fuck, where the fuck you people getting used vehicles for $10K?

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                  • macaw_dean_settle@lemmy.world
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                    10 days ago

                    Live in the Chicago area, have never paid more than $3300 for a used car. You need to stop going to carmax and start looking a private party.

                  • over_clox@lemmy.world
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                    11 days ago

                    It only needs about $200 repairs, dunno where the hell you folks keep pulling $1000 out of your collective asses

              • SayJess@piefed.blahaj.zone
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                11 days ago

                Last year, I paid around $5k for my car. It runs well, needs work (that I can do myself), but is overall in good shape. I could have gotten a better deal on it, had I had cash on hand.

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        • dhork@lemmy.world
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          11 days ago

          Where can you find a used car for $3k?

          • pishadoot@sh.itjust.works
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            11 days ago

            Craigslist. Local auction. Random crap for sale at the curb in neighborhoods.

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