re: 9 year auto loans.

This is why car and truck prices continue to rise. No one cares what the total cost is, just the monthly payment.

I think this would work on a land Cruiser and not much else in terms of value over time.

I never go more then 5 years . If I can’t afford payments on a 5 year plan then I don’t need it . A lot of people are stupid when it comes to car loans .

9 years? Never heard of it before. But damn.... people are fricking stupid. Instead of buying the $30,000 vehicle they can afford they have to try to keep up with thw Joneses.

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You probably shouldn’t be buying anything that costs $30k+ without making six figures.

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Seriously. Plenty really nice vehicles for less than $35k. Big culprit is the soccer moms who think they’ll somehow be cool if they drive a loaded out Tahoe instead of the minivan they really need.

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I’m less upset with that than I am that a modest truck costs $55,000.

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Only trucks have gone up like this. A Honda Accord is still basically in line with what it was 10-15 years ago.

Ford averages 10k in profit per F150. Being an average, you can assume it's much higher on the King Ranch/Platinum types.

Chevy averages 17k.

They just keep trying to find the ceiling on people's stupidity. They haven't found it yet.

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Gonna be underwater in 3 years when he wants something new / sheesh

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Hell you are underwater for 3 years in a 5-6 year loan.. He will be underwater for 5 years min.

Almost 10k in interest

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bought a 2007 Lexus

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I fully expect to get another 150k out of it before major repairs are due,

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fully expect to get at least 8K anytime

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I'm OT big time, right?

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Know people who do it all the time, they’ll always be broke

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And when they are unable to work from age they will rely on the responsible people who did save a little something.