Posted on 02/26/2023 2:25:29 PM PST by RomanSoldier19
There’s still plenty of lease deals in the $269/mth range in my area.
Probably not well maintained cars either. Bet the oil changes were prolonged with a lot of hot rodding.
Not long ago $1000 a month would have been a mortgage payment not a car payment.
While each time I have shopped for a car, I start out looking at BMW, Volvo, VW or Subaru but always come to my senses and get a Honda or Toyota.
“”What kind of maroon would agree to car payments that high?””
“”higher today than it was during the peak of the Great Recession in 2009.””
I will never forget, in 2005-2008,hearing radio commercials for 120%-140% mortgages. Some of the insane ads touted buying a boat or car with the ‘extra’ money. At the same time, there were many ads to ‘pull the equity out of your home.’
Recently, I have heard the ‘pull equity’ ads again. Insanity.
Our 2006 Ford Taurus runs like a champ. Fully paid off, it ‘charges’ at the gas station in under 5 minutes. After 400 miles, it takes another 5 minutes for a full charge. If you keep up on oil changes and general maintenance, many cars can last quite a while. The insurance / registration is less.
Except for large purchases, our parents suggested you wait and save up to purchase things. By the time you have enough cash to buy it, sometimes you find you didn’t really want / need it.
I keep praying 🙏🙏🙏🙏✝️🛐🛐🙏🙏 to 🛐🛐🛐🛐 get my oldest car fixed.
I’ve finally gotten the tool to get my wheel locks off. Hope to start putting on my new tires in the next couple of weeks or so.
Then I can try to move forward on a particular job.
Mistake #1: Not keeping Old Betsy running until she has 180,000 miles on her.
Mistake #2: Not buying a used car.
Mistake #3: Not saving a serious down payment while driving Old Betsy to the ground.
PLEASE!! Show me where I too can buy three new cars with a $10,000 COVID payment from Uncle Sugar.
If you couldn't afford your car payment you probably weren't keeping it up properly either. I'll pass on repos.
That’s about 1 1/2 mortgage payments for me.
“With a record 16% of American consumers paying at least $1,000 a month for their cars, it’s no surprise that drivers are starting to fall behind on their bills. The percentage of borrowers at least 60 days late on their car payments is higher today than it was during the peak of the Great Recession in 2009.”
People that can’t manage money usually lose it pretty quickly. As one who sacrificed to stay out of debt I know that it can be done. It just takes common sense and discipline.
Of course it helps if you have a decent job and income. But even if you don’t you can still live within your means. Buy used cars - cash no loan or payments.
If you want a BMW on a Ford Focus budget, buy a silver Ford Focus and drive like a prick,. People will think you are driving a BMW.
Only thing I disagree with is Mistake #2. When you buy used, you buy the previous owners problems. I prefer to buy new. Otherwise Mistake #1, and Mistake #3 are spot-on.
Lol!
🤣😃
Great movie although, don’t look in the trunk.
If you need a long trip 1,000 miles or more, rent from Enterprise. $250 for a whole week. Unlimited mileage.
Paid for is my God in both cars and houses. DO NOT PAY ANY ATTENTION to commercials on television.
I have six properties and vacation homes. Don't become influenced by the influencers.
Be your own spirit in equity and liabilities.
Dealers were desperate to make deals during covid. They probably used the 10K for downpayment, and the dealer knew they couldn’t make it.
Wheel locks, you mean rim locks???
Get a 4 way lug wrench, find the size that fits over the lock, pound it on with a hammer, after it’s loose wriggle the 4 way lug wrench off the lock and spin it off. Reinstall new lug nuts. If you don’t have a 4 way use a deep well socket slightly bigger that the lock.
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