Current Events > Average car loan is now $700+ USD

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Trumpo
06/18/22 10:25:21 AM
#1:


https://www.theautopian.com/the-average-monthly-new-car-payment-is-now-more-than-700/

What the actual fuck

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Alucard188
06/18/22 10:27:55 AM
#2:


There's a reason why 8 and 9 year terms are quite normal now. It's also why I don't want to buy a new vehicle. You're almost better off leasing for 2 years if you need to.

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Trumpo
06/18/22 10:34:00 AM
#3:


I will be ready when the mass repo's take place

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JBaLLEN66
06/18/22 10:35:46 AM
#4:


Trumpo posted...
I will be ready when the mass repo's take place

Yall haters say this stuff every year.

Classic case of cope and reassurance

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DemonBuffet
06/18/22 10:39:47 AM
#5:


JBaLLEN66 posted...
Yall haters say this stuff every year.

Classic case of cope and reassurance

Why did this trigger you so much? You finance a scat pack for a $1100 monthly payment?
Theres a lot of people in their early 20s who dont want to settle for a paid off bucket, so many are taking out loans that are half of their monthly income.

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kingdrake2
06/18/22 10:56:37 AM
#6:


Alucard188 posted...
You're almost better off leasing for 2 years if you need to.


we're all leasing.

the terms is bad though.

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LinkDaLunatic
06/18/22 10:59:04 AM
#7:


are supercars skewing this number? there are some rides out there that are over $1 mil.
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Relient_K
06/18/22 11:00:35 AM
#8:


My payment on my used 2015 Corolla is about 137 a month.

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JBaLLEN66
06/18/22 11:07:32 AM
#9:


DemonBuffet posted...
Why did this trigger you so much? You finance a scat pack for a $1100 monthly payment?
Theres a lot of people in their early 20s who dont want to settle for a paid off bucket, so many are taking out loans that are half of their monthly income.

Sounds like youre jealous that I can afford a nice car while your unfortunate self wishes doom and gloom constantly on people with better work ethic than you.

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Pitlord_Special
06/18/22 11:13:25 AM
#10:


If you got a loan in the last year before they started ratcheting interest rates up it isnt that bad of a deal.

Im paying $550/mo on a 4 year term at 2.34% interest (3 years left).


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lilORANG
06/18/22 11:15:39 AM
#11:


That's crazy but also everything sucks so I'm not surprised

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DemonBuffet
06/19/22 11:37:09 AM
#12:


JBaLLEN66 posted...
Sounds like youre jealous that I can afford a nice car while your unfortunate self wishes doom and gloom constantly on people with better work ethic than you.

Lol you dont know what I drive bud. But I can tell you its paid off and worth 40k+ in todays market. Feels good not paying 700 bucks monthly on a car loan with a piss poor interest rate.

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Veggeta_MAX
06/19/22 11:44:03 AM
#13:


I paid off my Corolla and MDX

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KaZooo
06/19/22 11:52:41 AM
#14:


I have one lease up next summer.
The other lease might actually be bought out straight at the end of term.

I could settle with paying for a more expensive car if the interest isn't through the roof.

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