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re: A record 7 million Americans are 3 months behind on car payments

Posted on 2/12/19 at 3:34 pm to
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41865 posts
Posted on 2/12/19 at 3:34 pm to
quote:

That would actually be a fairly decent rate and term for a 10 year old vehicle.


My vehicle is 14 years old and I got less than 4%
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41865 posts
Posted on 2/12/19 at 3:37 pm to
quote:

not finance 25K car and end up dishing out 32K with interest.


How fricking terrible is your credit jesus
Posted by wildtigercat93
Member since Jul 2011
116441 posts
Posted on 2/12/19 at 3:43 pm to
Yeah my first car, which I got absolutely raped on admittedly, wasn’t anywhere close to that kind of interest


I bet he’s actually talking about the thousands of dollars in protections/warranty etc type stuff that they offer on top of the actual sales price
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
25145 posts
Posted on 2/12/19 at 4:03 pm to
For real. Some people pay more and longer for their damn cars than a mortgage ought to be.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
45405 posts
Posted on 2/12/19 at 4:18 pm to
The average CRNA in Louisiana makes 167,700 a year

I just happened to see that fact sheet yesterday
Posted by X123F45
Member since Apr 2015
29994 posts
Posted on 2/12/19 at 4:19 pm to
quote:

0%interest no money down.

Hard to beat that.


My car payment is 254 bucks and if I total it I make 12k.
Posted by brgfather129
Los Angeles, CA
Member since Jul 2009
17360 posts
Posted on 2/12/19 at 7:23 pm to
quote:

If you’re over 30 and you are making car payments, you are officially a loser.



You seem financially savvy.
Posted by Oilfieldbiology
Member since Nov 2016
42714 posts
Posted on 2/12/19 at 7:28 pm to
No one gets a dually F-250 baw
Posted by lsunurse
Member since Dec 2005
129146 posts
Posted on 2/12/19 at 7:29 pm to
quote:

Hell if I know. they wear scrubs and sit with old people



Those are not nurses. Those are paid caregivers. Basically a babysitter for old people. Minimum wage type job.


Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 2/12/19 at 7:33 pm to
FWIW, I started my other thread after this one was off the page
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 2/12/19 at 7:36 pm to
quote:

8 million


Posted by CelticDog
Member since Apr 2015
42867 posts
Posted on 2/12/19 at 8:06 pm to
Trumpet claims we are better off than ever.
He is.
Posted by Langland
Trumplandia
Member since Apr 2014
15382 posts
Posted on 2/12/19 at 8:22 pm to
I blame Obama for getting rid of all the "old" vehicles. Cash for Clunkers BS.
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 2/13/19 at 9:10 pm to
quote:

It's because Americans are goddamned morons when it comes to fiscal responsibility.





In their defense, we're battered 24/7 with propaganda telling us what great deals we're missing out on. It should be illegal. Really all usury over a certain low percentage should be illegal. It's just legal theft, plain and simple. And we all end up paying for it in the long run with bailouts.
Posted by DeafJam73
Baton Rouge
Member since Sep 2010
19122 posts
Posted on 2/13/19 at 9:12 pm to
People finance things they can’t afford and are terrible with money. Surprise, surprise.
Posted by Choctaw
Pumpin' Sunshine
Member since Jul 2007
77774 posts
Posted on 2/13/19 at 10:11 pm to
Odds are there are a few people in this thread lying their arse off and wondering how they're gonna make that next payment
This post was edited on 2/13/19 at 10:14 pm
Posted by tes fou
Member since Feb 2014
1009 posts
Posted on 2/14/19 at 12:48 am to
quote:

If you’re over 30 and you are making car payments, you are officially a loser.



Posted by baobabtiger
Member since May 2009
4957 posts
Posted on 2/14/19 at 4:50 am to
My office is a few hundred yards from a Golden Corral. The cars that the wait staff and cooks drive are:
1. 2018 Nissan Titan
2. 2016 charger
3. 2018 Prius
4. A 328 bmw
5. 2016 Silverado.

When I drive by that I realize that cars are definitely the next bubble. Financing out 7 years in a car that will be worth nothing in 5 is craziness. The amount of car that minimum wage employees can qualify for us not sustainable.
This post was edited on 2/14/19 at 5:16 am
Posted by jeffsdad
Member since Mar 2007
25317 posts
Posted on 2/14/19 at 4:59 am to
I have never put that much stock in what I drive to get one that I could not afford. My ego is in other areas I guess.
Posted by countrytiger60
Larose
Member since Sep 2018
4500 posts
Posted on 2/14/19 at 5:42 am to
in 2010 Obama shut down drilling in the Gulf of Mexico. thousands of workers lost their jobs. some lost their homes. sorry but I don't feel bad for the government workers!
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