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Started By
Message
If our government capped auto financing at 60 months would car prices come down?
Posted on 12/22/25 at 10:42 am
Posted on 12/22/25 at 10:42 am
Similar to home loans offered at 30 years max
Read an article this morning about how car prices went up bc Americans wanted more “features” and showed an appetite to pay more.
I think prices went up for other reasons (Obama and Biden epa then Covid) and some Americans showed an appetite to finance for 72 to 84 months but the result is a generation that is upside down on every car.
I think prices drop dramatically if Trump ends epa standards and caps financing at 60 months. The 90k Tahoe will be 60k again.
Btw I’m not against people paying high prices for luxury cars. But when I was in school and Johnnys dad drove a Porsche that was 90k it was cool bc Johnnys dad had worked hard for cool stuff. Now Susie’s mom drives a 90k Tahoe bc GM will finance it for 84 months.
Read an article this morning about how car prices went up bc Americans wanted more “features” and showed an appetite to pay more.
I think prices went up for other reasons (Obama and Biden epa then Covid) and some Americans showed an appetite to finance for 72 to 84 months but the result is a generation that is upside down on every car.
I think prices drop dramatically if Trump ends epa standards and caps financing at 60 months. The 90k Tahoe will be 60k again.
Btw I’m not against people paying high prices for luxury cars. But when I was in school and Johnnys dad drove a Porsche that was 90k it was cool bc Johnnys dad had worked hard for cool stuff. Now Susie’s mom drives a 90k Tahoe bc GM will finance it for 84 months.
23
Posted on 12/22/25 at 10:45 am to tigereye58
Maybe the government can limit the price of cars? Or decide what everyone can buy.
Posted on 12/22/25 at 10:46 am to tigereye58
Trump recently killed a bunch of fed mandates that would have kept car costs rising.
This should help quite a bit.
This should help quite a bit.
Posted on 12/22/25 at 10:48 am to tigereye58
It's not the government's responsibility to keep stupid people from doing stupid things
Posted on 12/22/25 at 10:49 am to weagle1999
quote:
Maybe the government can limit the price of cars? Or decide what everyone can buy.
They certainly helped INCREASE the price of cars. Also tried to decide what people can buy by setting quotas for EVs.
Posted on 12/22/25 at 10:51 am to tigereye58
Government should just set the price of all cars. That would really bring prices down.
Good grief.
Good grief.
Posted on 12/22/25 at 10:53 am to tigereye58
Yep because car sales would go down. They should can’t at 48 months and they would go way down.
Posted on 12/22/25 at 10:55 am to tigereye58
Good luck finding Americans that can afford a $850+ dollar note ($50,000/60 months) every month.
This post was edited on 12/22/25 at 10:56 am
Posted on 12/22/25 at 10:57 am to Iron Lion
quote:
It's not the government's responsibility to keep stupid people from doing stupid things
That's exactly what our government tries to do. It's why we have seatbelt laws, speed limits, open container laws, legal drinking/smoking ages etc.
Posted on 12/22/25 at 10:58 am to tigereye58
I was thinking along those lines late last night.
2 things:
1: If you financed your car, the longest you could mortgage that thing would be for 36 months, that would cause people to buy less expensive vehicles.
2: If a manufacturer designed a vehicle that you could screw on a new fender or simply lift out the radiator that would cause a lot of cheaper and quicker fixits. Simpler functions such as heating and defrosting channels like the old 70s Toyota Land Cruisers had, would be a perfect set of wheels.
Less electronics. Radio, GPS and Phone could be bought and simply plugged in to the cigarette lighter plug.
2 things:
1: If you financed your car, the longest you could mortgage that thing would be for 36 months, that would cause people to buy less expensive vehicles.
2: If a manufacturer designed a vehicle that you could screw on a new fender or simply lift out the radiator that would cause a lot of cheaper and quicker fixits. Simpler functions such as heating and defrosting channels like the old 70s Toyota Land Cruisers had, would be a perfect set of wheels.
Less electronics. Radio, GPS and Phone could be bought and simply plugged in to the cigarette lighter plug.
Posted on 12/22/25 at 10:59 am to TrueTiger
God bless The Donald
Posted on 12/22/25 at 11:02 am to tigereye58
quote:Whatever verb you insert here will create more problems.
If our government_______
Posted on 12/22/25 at 11:03 am to Iron Lion
quote:
It's not the government's responsibility to keep stupid people from doing stupid things
You can’t possibly be serious. The government prevents people from doing stupid things all day long. Society has to have some regulation to be sustainable. Speed limit signs, basic food quality standards, I get it that the government over reaches all the time too but a civil debate over where our government benefits society is realistic for a political message board. I’m all about keeping the government out of my life but also not naive or stupid enough to think a country with 350 million people is sustainable without some basic oversight.
Posted on 12/22/25 at 11:05 am to Iron Lion
quote:This. No government has ever been successful converting the irresponsible into the responsible.
It's not the government's responsibility to keep stupid people from doing stupid things
Posted on 12/22/25 at 11:07 am to tigereye58
quote:
You can’t possibly be serious. The government prevents people from doing stupid things all day long.
Yes, the government has done a great job of preventing stealing and drug use. Good point.
Posted on 12/22/25 at 11:12 am to weagle1999
quote:
Maybe the government can limit the price of cars? Or decide what everyone can buy.
Right.
Why not go all the way to the left?
Posted on 12/22/25 at 11:17 am to tigereye58
quote:I do not think this is the argument at hand. Asking the government to create laws about auto financing is ridiculous when they defiantly will not even create laws that prevent themselves from becoming multi-millionaires through insider trading.
a country with 350 million people is sustainable without some basic oversight.
Posted on 12/22/25 at 11:18 am to Bonkers119
quote:
Good luck finding Americans that can afford a $850+ dollar note ($50,000/60 months) every month.
Then maybe Victoria doesn’t need the Yukon Denali XL to carry Brayllyn to her private cheer lessons and Braxxton to travel ball.
If you cannot pay a 50000 dollar loan in 60 months, you don’t need a 50k vehicle. And yes I know a Yukon Denali XL is more than 50000 dollars new. But the same people that say they cannot afford a 60 month 50,000 are the same people that will jump on a 90,000 dollar 96 month loan,
Posted on 12/22/25 at 11:20 am to tigereye58
Buying a new car is a terrible purchase.
Cars these days are made to top 200k miles easily and anything under 80k miles that was maintained properly is basically like new. I buy used with under 40k miles never finance longer than 4-5 years , and am never upside down on it. I’ll usually have it paid for before I need a new one as I keep a truck for 6-8 years or 175k miles whichever comes first. Trade in, add another 10-15% down payment on top of trade in and finance the remainder.
Cars these days are made to top 200k miles easily and anything under 80k miles that was maintained properly is basically like new. I buy used with under 40k miles never finance longer than 4-5 years , and am never upside down on it. I’ll usually have it paid for before I need a new one as I keep a truck for 6-8 years or 175k miles whichever comes first. Trade in, add another 10-15% down payment on top of trade in and finance the remainder.
Posted on 12/22/25 at 11:23 am to tigereye58
Today, the AVERAGE car loan term for both new and USED vehicles is approaching 6 years. In 2000, it was 5. In 1990, it was 4.5 years. In 1980, it was only 3. 175K in depreciating iron sitting in the driveway of the forever home you slapped a 30 year mortgage on when you were in your 40's.
The middle class is playing with fire when it comes to debt, and no one is talking about it.
The middle class is playing with fire when it comes to debt, and no one is talking about it.
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