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return2ozma@lemmy.worldBanned from community to News@lemmy.world · 7 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 · 7 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.
  • dazzlingclitgame@lemmy.world
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    • over_clox@lemmy.world
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      7 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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          6 days ago

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

        • over_clox@lemmy.world
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          7 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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              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.

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                • macaw_dean_settle@lemmy.world
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                  6 days ago

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

                  • pishadoot@sh.itjust.works
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                    6 days ago

                    I’m done with this guy. 8 day old account, I’m thinking troll or idiot, unsure which, but either way not worth any time.

            • SayJess@piefed.blahaj.zone
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              7 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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            • over_clox@lemmy.world
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              7 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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                  6 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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                  It only needs about $200 repairs, dunno where the hell you folks keep pulling $1000 out of your collective asses

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      • dhork@lemmy.world
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        Where can you find a used car for $3k?

        • pishadoot@sh.itjust.works
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          Craigslist. Local auction. Random crap for sale at the curb in neighborhoods.

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