The used-car market’s hot streak may be ending as borrowers struggle to make payments and regulators say some auto lenders are “setting up consumers to fail.”
Recently I’ve been seeing a trend across social media from what appears to be car dealerships where they all different employees what they drive and car payment per month. I’ve had to have seen 20-30 now and only one person didn’t have a car payment. The average car payment was clocking in around $650 with some up to $1000 a month. Something is definitely going to give somewhere bc salaries aren’t keeping up with daily cost of living and raising interest rates.
This wall street. They obviously turned these into some type of security and stuffed 10lbs worth of that shit into a 5lbs bag and offloaded it on some unsuspecting sucker.
My wife and I have to split her $600/month car payment. I mean that’s fair because we split it when we paid off my car, but mine was more like $450/month.
Meanwhile my wife gives me heat for $390 a month. I’ve explained numerous times that’s not that bad considering I bought a used car during peak absurd pricing. The only reason I got something else was we needed a bigger vehicle and the salesperson laughed in my face when they asked how much I currently paid.
Recently I’ve been seeing a trend across social media from what appears to be car dealerships where they all different employees what they drive and car payment per month. I’ve had to have seen 20-30 now and only one person didn’t have a car payment. The average car payment was clocking in around $650 with some up to $1000 a month. Something is definitely going to give somewhere bc salaries aren’t keeping up with daily cost of living and raising interest rates.
I feel the same way, people are getting pressed in every direction. At a certain point, the pressing will have to stop.
Hopefully the pressure does not cause an explosion.
This wall street. They obviously turned these into some type of security and stuffed 10lbs worth of that shit into a 5lbs bag and offloaded it on some unsuspecting sucker.
My wife and I have to split her $600/month car payment. I mean that’s fair because we split it when we paid off my car, but mine was more like $450/month.
Meanwhile my wife gives me heat for $390 a month. I’ve explained numerous times that’s not that bad considering I bought a used car during peak absurd pricing. The only reason I got something else was we needed a bigger vehicle and the salesperson laughed in my face when they asked how much I currently paid.