Name a better combination than insecure Americans and ridiculous overpriced low quality cars.
A Boring Dystopia
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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.
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
The lady bought a $51k Acura and the dude bought a $80k Ram.
These aren’t exactly “just trying to get by” vehicles. These are financially stupid people not wanting to work within their financial means for a vehicle. They wanted a too expensive for them “looks good so people don’t think I’m poor” vehicle and now are getting bit in the ass by it.
The article is making it out to be they are just trying to get by in life. Uh no.
I bought a rebuild Subaru for $15k and have gotten almost 150k miles out of it in the past 5 years.
There's no way I would buy a new vehicle unless I was significantly stable in my finances and made way more money.
I don't understand why people who can barely afford them buy new vehicles when there are much cheaper used options.
Seriously. Last September we had to replace our old 2007 Corolla that got totaled after someone drove out in front of us. We were the only owners of the 2007 Corolla. We owned it from new to dust. We shipped around a bunch, considering various new and used options. We eneded up buying...a brand new 2025 Corolla.
The cost of this vehicle? About $24k. We ran the numbers on it, and that's actually less, adjusted for inflation, than we paid for the 2007 one.
Affordable cars still exist. You just have to be content with owning less car.
In fairness 51k ain't even luxury prices anymore. Low end cars start at 30k now.
It was $51k for a used car.
If it was new I could understand, but that much for a used car is crazy. I'm guessing she had to buy when used car prices were almost the same as new, but I feel like that's still a lot.
I'm not sure how it goes with tariffs, conversation rates and whatnot but in last I checked the low end cars in Europe started from way under 20k, Kia picanto for example is 18k
And that's brand spanking new cars, that are always a bad deal. Few years older and you can drop half the price for basically still a new car
The US is almost devoid of subcompacts. Because when gas prices go down stupid people decide they don't need them and buy bigger vehicles. And most companies have stopped making them or importing them.
That truck cost more than my bachelor's degree and car combined… And Acura is just luxury Honda. Japanese automakers like to have luxury brands separate from the main one. Buying an Acura (Honda), Lexus (Toyota), or Infiniti (Nissan) should be assumed out of the question unless you can afford a BMW, Cadillac, or any other classic luxury car. And honestly pickups that you don't need for work should be seen the same way, but moreso. And yeah even if it is for work like here it should be analyzed as a business expense not a nice car that'll definitely actually make you money, no, you run the money like any other capital investment for heavy machinery, with a bit of extra leeway as it's also your company car.
Less that Japanese like to have luxury brands, more that the market here seems to demand it.
Cadillac is fancy Chevy. Audi is fancy VW, Genesis is fancy Hyundai, etc.
At least at one point I think Lexus wasn't a thing in Japan, they just were Toyota models.
Pickup trucks seem to buck the trend, your fancy ass 100k truck needs to still be a "good ol F150".
Yeah….the customers are the problem…not the tariffs, not the auto industries, not the financial industries, not the marketing practices of these companies.
Even people who’ve been doing relatively well have had their costs jacked up even more as we move from income taxes to tariffs. Wages in the bottom have remained stagnant. First time home ownership’s average age is 40. They’ve/We’ve all drank the materialist capitalist kool-aid and it’s hard to take back what control we do have.
The gas bill on that RAM is at least $400/mo.
Poor people don't know how to be poor. They think they can afford whatever banks will loan them.
I will simply continue to maintain my old ass civic until it rusts to bits. Something will probably kill me by then anyway.
A record share of Americans — more than 20% — agreed to pay more than $1,000 per month for a new car loan at the end of the year, according to car sales site Edmunds.
Do they mean 20% of all Americans, car purchasers, or new car purchasers?
It looks like they mean of new car purchasers, which ignores people who didn't buy a car or bought used.
fuk... that's absurd. I felt bad agreeing to 300/month. I'd laugh at the dealer, call em drunk and never return if they tried that shit
There are those that pay interest and those that get paid interest, the decision is yours.
And the price will always go up until there is an alternative to curb demand. There won't be an alternative until people in this country start to demand regional rail in their states, stop acting like public transit is something that can only exist in a major city, and actually invest in the public transit in their cities. "BuT I LiKe DrIviNg!" then drive to your girl's house or the grocery store. But you should have the OPTION to use the bus or light rail or whatever to get to work/school.
edit: I also want to add that this is a disability/accessibility issue as well. We should consider it unreasonable that the elderly/disabled are required to drive or have modified vehicles just to get around their community. If you support taking away a senior's driver's license then you should also support walkable neighborhoods and public transit.
Here in America we have big cars and tiny rail networks. We should have tiny cars and big rail networks.
My fellow Americans, being pedal to the floor in a lightweight five speed shitbox is infinitely more fun than restraining yourself constantly in a giant top heavy rollover machine. You feel like you're doing 120mph but you're going 120kph, it's glorious. Taking the train is fucking great! I get to play video games and not stress about traffic, if I go to a happy hour and drink too much I've already got a DD!
Americans are all brainwashed to think they NEED a 8 seater 35 ft long suburban, that they drive alone 99% of the time.
My miata works 95% of the time for me. And I have a longbox pickup (no ac, all manual, no radio, single cab) for actual work (8ft boards and drywall etc)
The issue is peoples' f 150 boy howdy y'all quaeda edition is their status symbol for dick dize.