‘Tip of the negative equity iceberg’: A record number of Americans are grappling with $1,000 car payments and many drivers can't keep pace — stay ahead by dodging these 2 loan mistakes

monewise via msn ^ | 2/24/23 | Bethan Moorcraft

[HamiltonJay]

Carvana is by far the dumbest concepts since Webvan.

Sooner they, and the various clones die, the better off everyone will be.

[Harpotoo]

My 2018 forester was paid off in 2021. I owed 7k on my 2019 tucson. I sold it to carmax last year for 22k when I retired.
We only have 1 car now and it’s working out just fine.

[Karma_Sherab]

What kind of maroon would agree to car payments that high?

The same kind that falls for weekly payments on things......

Growing up in B'ham Alabama, there was a dealership I passed every day - Curt's Cars, in the black section of town.

Apparently, someone didn't like their deal and had changed their sign to read:
Curt's Cars
Buy Here! Pay Here!
we F*CK you Free!

always struck me as funny

[Bubba_Leroy]

What, you shouldn’t take life directions from some kid who has never held a job other than making YouTube videos from his mother’s basement?

[Bubba_Leroy]

My Dad use to tell me never go beyond 48 months on a car note

My Dad use to tell me never go beyond 36 months on a car note, but the last new car he financed was in the 1960s. After that, he only bought used cars for cash, which is what I have done since the late 1990s (the last new vehicle I bought was a 1996 Ford F-150).

My kids are in their late 20s and have never owned a new car or had a car note. They all own their own homes though.

[central_va]

Coupes are good. Sedans are ugly.

[wardaddy]

I think today insurance companies issue rebuild or salvage titles if the airbags go off I could be wrong

If I buy an old car for cheap and run it in the ground in 2 to 3 years I don’t care about the title so much

Today you have to be rich to buy a new nice car in my opinion when nice cars luxury cars start at 75 80,000

[dragnet2]

My parents bought a BRAND NEW home in CA, on ONE income.

Try that in todays economic meat grinder.

[SaveFerris]

Heh

Or some woman who tells strangers how to live their lives. Might as well watch CNN and MSNBC and believe their nonsense.

[SaveFerris]

White, black and red.

Then silver with an occasional blue.

A couple of yellow.

Looks like they have a few cars. 🚗🚗🚗🚗🚗🚗

[cgbg]

I have never purchased a “luxury car” and have no desire to do so—just don’t get it at all—and I could afford it even at today’s prices.

All I want is cheap and reliable transportation—and that is still doable today in ways discussed on this thread.

[SPDSHDW]

It’s help if the damn feds would stop mandating all this frivolous bs be added in cars.

It all adds to the damn price

[slouper]

I know but i’m just to old to strap one on these days. I need room and comfort that’s why I drive and old mans cruiser.

[SaveFerris]

Yes

[Chode]

cash for clunkers 2

[Elsie]

The BOOK says to owe no man.

[Elsie]

Where in CA?

[ApplegateRanch]

>>what’s this “covid bucs” you talk about?<<

The so called “Stimulus” money.

[CommieCutter]

And that’s what I’m saying. You know they don’t. Why would they?