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Jan 28 - Americans falling behind on car payments at a record pace



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 2 months ago '22        #1
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stillNAMELESS  topics gone triple plat - Number 1 spot x29
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Jan 28 - Americans falling behind on car payments at a record pace
 

 
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198 comments
 

 2 months ago '23        #2
Toastyatthecrib  topics gone triple plat - Number 1 spot x1
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This is gonna be the best recession of all time.
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 2 months ago '13        #3
boobalo1  topics gone triple plat - Number 1 spot x1
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 Toastyatthecrib said
This is gonna be the best recession of all time.
I been telling my people to save for a while. I run a small welding company. We haven’t skipped a beat bro, but that’s an industry issue. The need for welders is almost limitless. Tech people. Higher earners. They’re the ones getting laid off. They’re also the people that want new homes or additions, paint jobs and landscaping done.. It trickles.
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 2 months ago '04        #4
skater118 
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My car lease is up this year in December. Hoping to get a sick deal on a used car.
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 2 months ago '20        #5
Xiox  topics gone triple plat - Number 1 spot x1
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They are broke & jobless op
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 2 months ago '17        #6
Kingz2 
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Man I’ve been looking for a new car but these prices are crazy trying to wait it out and just stick with this old car before it craps out on me
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 2 months ago '04        #7
NAKHI ALLAH 
Props total: 83944 83 K  Slaps total: 5543 5 K
Just paid mine off I want a suv again but prices way too high but more and more I think about it I really don't need a new one
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 2 months ago '16        #8
00010111  topics gone triple plat - Number 1 spot x8
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Who didn’t see this coming?
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 2 months ago '05        #9
Philly B 
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Damn I thought my $315 payment was fu*king high driving that thing until it dies once it’s paid off in 6 months
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 2 months ago '05        #10
Peter Griffin 
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Bx ballers will be in here soon saying 1000 a month for a car payment is fine if you making 45000 a year....
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 2 months ago '11        #11
shellz386  topics gone triple plat - Number 1 spot x2
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 Philly B said
Damn I thought my $315 payment was fu*king high driving that thing until it dies once it’s paid off in 6 months
That's where I'm at
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 2 months ago '07        #12
pete jr 
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Gonna be a great time to scoop up a luxury or exotic vehicle if you got the money.
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 2 months ago '13        #13
MoneyCashHoes 
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Been driving my wife’s old beater for almost 5 years. sh*t is depressing but it’s hard to cop something new in this climate, especially since I WFH.
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 2 months ago '19        #14
Immersion Vox 
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Why you should pay no mind to people flexing Corvettes & BMWs

Cars will end up back on the lot it was purchased from
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 2 months ago '22        #15
Jason Weaver  topics gone triple plat - Number 1 spot x4
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I get a lot of them are pick up trucks
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 2 months ago '05        #16
beast14  topics gone triple plat - Number 1 spot x2
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Paying 1k for a 2023 Tahoe but fu*k it… you get what you paid for…

Need the space for the family and need the towing power for the boat
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 2 months ago '16        #17
Proveone  topics gone triple plat - Number 1 spot x4
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I could not pay$1k a month for a Honda accord. Off GP paying >1k a month for a ride that's not a European sports car would have me tight as fu*k
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 2 months ago '04        #18
Duntaz  topics gone triple plat - Number 1 spot x4
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 beast14 said
Paying 1k for a 2023 Tahoe but fu*k it… you get what you paid for…

Need the space for the family and need the towing power for the boat
1k before insurance or in totality?
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 2 months ago '04        #19
Duntaz  topics gone triple plat - Number 1 spot x4
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 Philly B said
Damn I thought my $315 payment was fu*king high driving that thing until it dies once it’s paid off in 6 months
Of you got anything past a 2018 you prolly paying 500+ easy. For a 40 band wip a 10k downpayment and excellent score will still be 500+ on a 72 month term according to carmax
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 2 months ago '18        #20
KingBSolo 
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People thought me and the wife were crazy because until about 3 years ago our cars were a 2005 Toyota Prius and a 2008 Ford Focus and we both had good jobs.

Sometimes she wanted to deviate from the plan too but I had to keep her focused.

In 2020, before prices got crazy, we went out and got a 2018 Prius IV for our everyday (I’m remote so don’t drive) and a 2018 Lexus RX 350 (w/ luxury package, family car) and paid cash.

She wasn’t really feeling the Prius and has always wanted a Toyota RAV 4 XSE white with the black rims… said she didn’t want to be a Prius driver the rest of her life. We just found a 2022 hybrid they were trying to get off lot with 24k miles, and they gave me 2k more for the Prius than I paid for it. Ended up only costing me 14k difference…cash.

I got asked the other day what we pay per month and they didn’t believe me when I said nothing, we own our cars.

It all started with patience and a plan.

Having no car payments make you have so much extra monthly money it becomes so easy to save. And owning your newer model cars means in about 4-5 years when it is time to upgrade again, it doesn’t cost nearly anything because we always buy used.


Last edited by KingBSolo; 01-28-2023 at 03:02 PM..
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 2 months ago '06        #21
1 of 1 Houston 
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That's why you buy your cars outright. I learned from the real ones. I own all 3 of my vehicles. 2005, 2015 and a 2020.







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 2 months ago '22        #22
Bzp 
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The whack thing about car prices rising, the manufactures won’t be lowering it either. Used cars will eventually go back to normal, sorta are if you look at something like carvana. You can see what cars they basically go to much money by the prices
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 2 months ago '04        #23
ddash 
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we been seeing all them videos about how much you paying per month and them numbers be wild.

Couldnt be me.Im sticking with my car for many many more years.I dont want a note when im done.But yea some folks are hurting and some living above their means
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 2 months ago '22        #24
RockyIII 
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It’s the vax causing all this.. it’s driving the people crazy
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 2 months ago '06        #25
lilRick954 
Props total: 932 932  Slaps total: 61 61
Yea I wanted a newer car too, but saw them prices

I feel like it's more so the consumers fault that drove up the prices. The smart ppl held out and are waiting for deals.
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