Record profits
Record debt
Record interest rates
So highhhhhh
I will keep my 20+ year old honda with 236k miles running as long as I can. This is insane. I know a girl 20k underwater on an electric Hyundai that she’s letting the bank repossess…I wonder how many others are in her position.
Bought my last car in 2007 because I like not having a car payment more than I like built-in bluetooth (or whatever other fancy data harvesters they’ve built in these days).
If you people could stop buying new vehicles every five years as a status symbol it would be great. I don’t think I should have to pay for your bailout.
It always struck me as odd people buy cars so often. My first car I drove into the ground (quite literally at the end!), and my current car has been chugging along for over a decade with no end in sight. A car loan is one of the larger expenses the average household has, and it is one of the expenses that can be reasonably paid off within just a few years.
I got an electric vehicle, and I’m worried about the post battery warranty period. Do I keep it after 8 years and hope the battery doesn’t go out, or do I say fuck that risk and get another one to drive until it’s battery warranty is up too.
Since it sounds like your car is currently reliable, you have the choice of ‘paying for a new car now’ and ‘maybe have to pay for a new car in the future’. The latter is the less expensive option.
Edit: Even when considering the trade-in value of a car goes down as it ages, as a new car devalues much, much faster.
deleted by creator
“I’ll common knowledge for $300, Alex… What is a category for all vehicles that includes cars, trucks and SUV?”
" What is a Automobile "
Add me to the list. My 20 year old rust bucket was costing me more and more money to maintain every year, so now I’m $30k in debt 😂
To be fair, that is a quite reasonable period of time to replace a car in.
