re: The average monthly new car payment in 2022 is $644

It’s insane to me how many new automobiles are made and purchased every year.

The current mindset that a person needs a new vehicle very 4-5 years is not a healthy one and reeks of our disposable and materialistic economy and mindset.

I sell cars and nobody thinks of the poor salesman that have to sell this overpriced crap. Yall watch yalls privilege. That being said, the trick to selling in this market is as soon as the customer walks on the lot you got to hate them.

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I sell cars and nobody thinks of the poor salesman

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Bought a brand new vehicle.

Paid for it all that day without financing.

**Drops the mic

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That's because people in the US are dumb as hell

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Americans are so fricking easily duped by faux luxury and the "keeping up with the Jones" arms race.

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Or maybe people just want nice shite.

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Unless you're very wealthy, you aren't buying "nice shite." You're buying fake luxury shite and doing it on a constant basis to feel better about ourselves.

Hard to find anything decent like that under $25-30k in this market.

That's true. If the used car dealer wasn't a family friend it would be difficult.

Much of the US has to be vehicle and mortgage poor.

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The average auto loan term is 69.7 months for new cars, 67.4 months for used cars.

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Wow. This is going to be an unpopular opinion because soooo many people dont blink to drop 80K on a vehicle and finance it for a fricking eternity, but this type of spending is only slightly less damaging to your personal finances than 5 figure credit card debt.

You have an asset thats a net negative on your balance sheet almost immediately and a massive cash flow anchor. And for what? So you can drive around town fooling exactly no one?

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Wealthy people don’t finance much.

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