- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How are you frickers affording 70k+ Ford Expeditions and Chevy Tahoes?
Posted on 7/24/24 at 11:53 am to notiger1997
Posted on 7/24/24 at 11:53 am to notiger1997
The point remains that few people need pickups, fewer will actually use them, and fewer still can actually afford them.
1
Posted on 7/24/24 at 11:54 am to DakIsNoLB
Never change OT. No matter the topic or the data, the OT is always the exception and NEVER the rule. 
All the replies to the article will be some variation of "well ACKSHUALLY i use my truck to haul a trailer every single day or I take my boat out every weekend".
All the replies to the article will be some variation of "well ACKSHUALLY i use my truck to haul a trailer every single day or I take my boat out every weekend".
This post was edited on 7/24/24 at 11:55 am
Posted on 7/24/24 at 12:02 pm to NYNolaguy1
quote:
fewer still can actually afford them.
96% of auto loans in this country are current.
Only about 4% are delinquent.
Looks like people can afford them...
Posted on 7/24/24 at 12:04 pm to DakIsNoLB
quote:
The biggest thing is, I don't need until I need it, then I'm glad I have it. It's been useful far too often more me to go rent a uhaul pickup or find a friend who has one.
I'd say I use mine 2-4 times per month, but your mileage might vary.
I could probably downsize to a Tacoma or Colorado once the kids are all out of the house in a year or two. Those would also do 95% of what I use mine for, they just don't have as comfortable back seats.
Posted on 7/24/24 at 12:04 pm to N2cars
quote:
96% of auto loans in this country are current.
Only about 4% are delinquent.
Looks like people can afford them...
Making the payments doesn't mean you can afford the car. Don't be dense.
Ever heard of being car poor or house poor?
Posted on 7/24/24 at 12:04 pm to Evil Little Thing
quote:
There an all-female private Facebook group called Geaux Naked where 30,000+ women from south Louisiana bitch about their husbands/boyfriends and anonymously ask questions like how to get more child support and how to stop hating semen.
Ok we need a thread with more details and top posts about this place. It must be extremely entertaining.
Posted on 7/24/24 at 12:05 pm to jclem11
I provided simple facts.
Sorry if that's "dense".
Sorry if that's "dense".
Posted on 7/24/24 at 12:10 pm to Saskwatch
quote:
Bingo
I have a white Nissan that the paint was peeling all over the god damn place. I found someone to strip, prime and paint it for $1,700. Never had an issue since.
It's something with the white paint they use that it doesn't stick to the primer like it's supposed to. Infiniti and Nissan are notorious for peeling. I've seen it on other white vehicles but if I see a white Nissan, there is a 90% chance that it has peeling paint issues.
Posted on 7/24/24 at 12:14 pm to N2cars
quote:
96% of auto loans in this country are current.
Only about 4% are delinquent.
Looks like people can afford them...
A couple of things:
1)What percentage of your stat makes up trucks?
2)The link below quotes 4.4% of folks are in "serious" delinquency, not just delinquent.
Auto loan delinquency on the rise
quote:
According to Cox Automotive, the volume of repossessed vehicles at Manheim auctions, the largest wholesale marketplace, is up 23% year over year through the first half of 2024. They are also up 14% compared with the same period in 2019, according to the data.
While that's only one metric, Cox Automotive senior analyst Jeremy Robb told FOX Business that he also tracks defaults industry-wide using Equifax data. That data suggests that defaults are up 11% during the first half of the year compared with the same period in 2019, Robb said. Lenders can repossess a vehicle when a loan is in default.
This post was edited on 7/24/24 at 12:17 pm
Posted on 7/24/24 at 12:15 pm to N2cars
quote:
VetteGuy
Never take financial advice from this dude. He thinks just because you make the payments you can afford something.
Posted on 7/24/24 at 12:18 pm to chryso
quote:
Two car seats fit great in a Camry.
Not if you’re 6’5” and have rear facing car seats.
Don’t have this problem in the Tahoe.
This post was edited on 7/24/24 at 12:19 pm
Posted on 7/24/24 at 12:18 pm to NYNolaguy1
We are in a bubble with auto and home prices. All bubbles pop eventually, although they can last for years, and the long term trend will still be up.
At some point we'll have an 8+% unemployment rate and the used car lots will be stacked. It's inevitable.
At some point we'll have an 8+% unemployment rate and the used car lots will be stacked. It's inevitable.
Posted on 7/24/24 at 12:24 pm to WaydownSouth
quote:
fellow middle class friends
Eww
Posted on 7/24/24 at 12:26 pm to NYNolaguy1
That's the same article I saw.
I didn't see a stat breaking down cars vs trucks, just "auto" loans as a total.
The fact remains that the overwhelming majority of loans are fine, and evidently people can afford them.
I didn't see a stat breaking down cars vs trucks, just "auto" loans as a total.
The fact remains that the overwhelming majority of loans are fine, and evidently people can afford them.
Posted on 7/24/24 at 12:26 pm to Tigers4Lyfe
quote:
But your house is probably 10x nicer.
Our home cost us 1x our annual income
Our vehicles combine to 20% (we have a 10 year old (small) SUV, a 7 year old pickup, and a 20-year old sports car).
I have no complaints of my own belongings or conditions and am lucky to be where I’m at. I do not criticize those who have nicer than me or blindly suggest they change anything that they’re doing. But I honestly dread an even trade to the newer model year of any of these. Our biggest priority is staying out of debt now that we have finally hit the “no non-mortgage debt” phase of life, and it’s hard to save for things and then want to spend it just the same. It’s way harder to write a $50,000 check than to commit $1,000/m for 60 months for some reason. I can’t explain it. But it is.
But we are certainly not hurting or unhappy with a single thing of our living conditions or how we have set ourselves up for the ages of 50, 60, and beyond.
Posted on 7/24/24 at 12:26 pm to WaydownSouth
quote:
and how are you affording it?
I get off TD and do my fricking job.
Posted on 7/24/24 at 12:30 pm to N2cars
quote:
The fact remains that the overwhelming majority of loans are fine, and evidently people can afford them.
It doesn't say anything about trucks though. Also that's a very static view of the market. You could make an identical argument about subprime mortgages the day before the stock market crashed in 2008.
Posted on 7/24/24 at 12:33 pm to Lazy But Talented
quote:
rear facing car seats.
Are freakin huge nowadays
Posted on 7/24/24 at 12:33 pm to jclem11
quote:
Never take financial advice from this dude. He thinks just because you make the payments you can afford something.
And a large number of people on here think that if you don't pay cash for it, you can't afford it. That ain't true either.
My work trucks for example. I have the cash to pay for work trucks, but it would be incredibly stupid to take that much cash away from my company just to avoid a $600-700 note. That 50-100k in cash flow is much more important and beneficial to the business.
Posted on 7/24/24 at 12:34 pm to NYNolaguy1
I'd bet that the numbers you saw in that report certainly include SUVs, light (non-commercial) trucks, and passenger automobiles.
Heck, most domestic manufacturers have just about gotten out of the sedan business altogether.
Heck, most domestic manufacturers have just about gotten out of the sedan business altogether.
Page 10 of 21
Popular
Back to top
Follow TigerDroppings for LSU Football News