“What kind of maroon would agree to car payments that high?”
One of my renters who seemed to have her head screwed on very well got the free Covid money. She got around ten thousand dollars from Uncle Sam, for free. I thought she’d save it and it would really help her in the future. No. She bought each of her three kids new cars. Not ordinary cars but Dodge super cars. (The other two renters on the program got into drugs and I had to throw one out and the other stole a car and fled back to the mountains.)
A car dealer I follow on YouTube said that lots of people used the free Covid money to buy cars they would not have otherwise bought; Mustangs and Chargers. The lease is coming up and these cars will be dumped on the market and sold at low prices.
Anyway, he was making like $7/hr I think, something like that. So he got a seven-year car loan for the thing. He even admitted it was stupid, but he had to have that car.
I had recently paid off my car, which was a 1982 Chevy Cavalier, which I think cost about $7.4K. That was unpleasant for me, and I made almost twice what he did.
Probably not well maintained cars either. Bet the oil changes were prolonged with a lot of hot rodding.
PLEASE!! Show me where I too can buy three new cars with a $10,000 COVID payment from Uncle Sugar.
OTOH, we used our COVID BUX to buy new high efficiency windown, to replace all the old WWII single-pane double hungs this place had. So far, despite lower winter temps & a much hotter summmer, power bills have been $40+ lower month over month.
Had already used procedes from a land sale to pay off all debt; and pay cash for badly needed newer car, pickup, and tractor. Mortgage was alredy long since paid off.
Not much in the way of toys; but I do have priorities.
Hmmm . . .
Someone (or many) should be in jail over this false advertising.