A Boring Dystopia

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$1,000 car loan payments are on the rise, stressing household budgets (www.cnn.com)

submitted 2 days ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] inclementimmigrant@lemmy.world 25 points 1 day ago (1 children)

Ravi Stephens II paid $80,000 in 2022 for a Ram 2500 pickup, which he planned to use in a business he was starting.

The $1,019-a-month, seven-year loan he took out was more than double his previous car loan for a 2013 Camero. It didn’t cause him too much trouble at first.

Melissa Dickerson never imagined she would end up with a $1,100 monthly car payment, especially for a used car. Then her son wrecked her Acura.

This isn't a article about 1K+ car loans, it's about American Idiots and American males with SDE.

They only have one god damn line that actually addresses the issue:

, as well as the cutting of production on cheaper models.

And if the article isn't bad enough, it's locked behind a "agree" button unless you use a vpn and if it's this bad now, can't wait to see how CNN will be after MAGA gets a hold of it.

[–] nomecks@lemmy.wtf 5 points 1 day ago

People don't think about the cost to drive either. A 2500 gets like 17L per 100km. That's like $25 or more for every 100km you drive. Tires are 400 bucks a pop. Parts are all heavy duty and expensive. The monthly payment is only the first kick in the nuts