re: Who is the national market for $80k suv's?

93rd percentile.

Most people lease expensive vehicles or long term financing. I doubt it is very uncommon for Americans to have car payments larger than or equal to their rent.

Riggers fitters and gogetters that ain’t no pussy baw scared of a little 108 month note

Oil field trash making oil field cash

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What percentage of white collar employees do you think are making 125k? How many married couples are both making that much? You are talking about well into the 90th percentile of household incomes in this country.

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No idea man. All of my married, college educated friends are pulling down $250k household. Honestly, if you’re a 2 income college-educated household older than like 35 and aren’t bringing home $250, you should reevaluate your priorities and/or consider what poor decisions you made along the way.

People love to overspend on cars. I've never understood it. You can get VERY nice used cars for way cheaper than brand new.

We have two Toyotas: 2013 Avalon, 2016 Highlander. Both were bought when they were 3 years old and had high-ish mileage for their young age. We don't put many miles on our cars so makes sense. Avalon is paid for and I will ride that noble steed til the wheels fall off to avoid another note, as I work from home and put next to no miles on it. Highlander is almost paid off, but will likely be traded in for another vehicle in a few years.

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What percentage of white collar employees do you think are making 125k? How many married couples are both making that much? You are talking about well into the 90th percentile of household incomes in this country.

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Yeah, not many making that much.

Hate to break it to you, but you aren’t getting 0%. You’re over paying dearly for the vehicle if you get 0%. These deals are tied to rebates that you don’t get when you finance for 0%. The bank is making money off these deals no matter what. They are a business and exist to make money.

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Okay Dave Ramsey. Let me translate slowly… people don’t stay poor by leveraging debt, they stay poor by spending cash on a depreciating asset when that money could be making them money. If you have good credit or belong to a credit union you’re getting a 2% interest rate. You’re telling me you’re not smart enough to realize that 20k you just spent on a car could earn you more than 2% somewhere over 5-6 years?

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While your math is perfectly correct, the overwhelming majority of people that finance cars do so because the can’t afford to pay cash, and they have no money to invest, usually in part because they keep financing new cars every 3 years. Having once been a banker, I have looked at a lot of people’s finances. Among those that are older, with higher net worth you find more people paying cash, Whatever income that could be earned on the money spent on a car becomes insignificant, they don’t want to be bother making payments, and the money spent on a car likely came from investment income.

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While your math is perfectly correct, the overwhelming majority of people that finance cars do so because the can’t afford to pay cash, and they have no money to invest. Having once been a banker, I have looked at a lot of people’s finances. Among those that are older, with higher net worth you find more people paying cash, Whatever income that could be earned on the money spent on a car becomes insignificant, they don’t want to be bother making payments, and the money spent on a car likely came from investment income.

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And most people that follow dave Ramsey don’t buy term and invest the rest. Point still stands that it’s ignorant to say people stay poor by financing vehicles.

89% of DFW