Insane!
When we bought our Niro in 2023 the guy opened with, “most people have a $700 car note these days.” I said we have 20% down and stellar credit and income. We will offer MSRP and that is it. Got it done in less than 3 hours.
In 2019 we bought a year old Jeep wrangler.....the monthly payment terms ended up being right at $300 and my wife screamed about it for months. Lol!
People would kill for a payment like that nowadays 😏
I have heard people in the office complain that they are getting ripped off by a mechanic for fixing an older car so the “will save money buying a new car.”
Doing the simple math... I can do a whole lot of upgrades and repairs on my car for $750 per month. People just want an excuse to buy a new car. To me, a car is a tool. To many others, they wear their car as a fashion statement.