The average American can’t afford $60,000+ for a damn vehicle the damn car payments are more than the mortgage!!!
“damn car payments are more than the mortgage!!!”
YUP!
At “zero” interest, the 5 year, $60,000, would cost
$1,000 per month. That’s why the loan terms have been increased to 80 or 90 months!
But, in 8 years, you are paying the bill with less valued money. What a deal?
Bingo. Our un elected rulers do not intend for us, the common folks to have a new vehicle. So price them out of the market. Then only the old and new elites will have
I’m 82 and my wife is 81. Our siblings and cousins our age, still own gas powered vehicles, and all of us still drive.
Our parents on both sides drove well past age 80 if they lived that long, and they told us to never give up our vehicles.
They knew that selling your car and depending on relatives, friends and local transportation could really isolate you. They called that, “Insane rationing without a war.!”