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re: Article: "Record number of car buyers 'upside down' on trade-ins"
Posted on 11/28/16 at 8:25 am to GetCocky11
Posted on 11/28/16 at 8:25 am to GetCocky11
quote:
Because it is pretty unrealistic for the middle class given auto prices.
Buy a 6k or 7k priced mid 2000s Camry. It's totally realistic if you can lower your standards for something that allows you to move from A to B.
1
Posted on 11/28/16 at 9:14 am to HempHead
quote:
Buy a 6k or 7k priced mid 2000s Camry. It's totally realistic if you can lower your standards for something that allows you to move from A to B.
Wasn't a study recently done that showed 7 out of 10 Americans have less than $1000 in their bank accounts?
Lots of college graduates out there making less than $40k per year. Say you're making $700 or so per week before taxes ($36,400/year). Factor in health insurance, car insurance, rent, bills, etc. and you must understand that not everyone can pull $7k out at one time for a car.
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