The shift towards massive vehicles (SUVs) and trucks loaded to the tits with tech junk is to blame. Auto industry sold the idea to Americans that their fat ass needs a compensator instead of psychiatric help.
It’s poor planing and over spending that is the issue. People who lease cars are on an endless cycle of never owning anything and always laying a premium.
Just actually buy a car you can actually afford.monthly payments on and drive the car into the ground. Every car in have owned has made it at least a decade and a 150k miles. Once you are done paying off take what the monthly payment would be and out it into two banks account split 20/80. Woth the 80% being towards a new car and the 20% being for repairs.
Yup. We run two cars since we both commute for work but one is fully paid off and the other one is almost done. They payment for the first one is now going into a repair account for it and a down payment account.
The reason we haven’t paid off the other car is because we had 0% financing. So the money going into the ally account is making us money vs the bank having it.
We also have a gm card and both cars are gm. So we should have several thousands to redeem on that towards a new down payment.
My brother in law and sister in law. They have two brand new leases and a house they can’t afford and have been borrowing money from my in laws to keep afloat.
Lots of people over spend this way. I had a friend who was making $700 a month payments on a used Mercedes suv as a new teacher.
At my last place where we live for over a decade we had nice patio furniture and garden tools out on the front lawn and the only time something was touched is when a neighbor borrowed it for a day. Never had so much as a little kids toy taken.
You should hop in your car and move someplace where people don’t steal your shit. It’s easier than you think to set up in a new area ( I’ve done it multiple times in my life with less than $100 in my pocket. ) people only think they are stuck and it become a self fulfilling prophecy.
District of Columbia,
Washington,
Oregon,
Colorado,
Louisiana,
New Mexico,
Hawaii,
Arkansas,
South Carolina,
Texas,
Tennessee,
Delaware,
Missouri,
Arizona,
Oklahoma,
California,
Montana,
North Carolina,
Kansas,
Utah,
Minnesota,
Nevada,
Nebraska,
and Vermont
I live in NJ and my last car before this had a 100mile round trip commute on it. Last I checked they salt the roads. I don’t do any maintenance on my car. I take it in for service at the dealer during the finance period and then a local shop near me for larger repairs. I take it to a valvoline for oil changes. Last car I retired needed a total of 6grand in repairs over its life that weren’t regular maintaine. That is why I said to take 20% of the payment and put it in a bank account for repairs. You should read another person’s posts before making a bunch of self serving assumptions to make your self feel better
The shift towards massive vehicles (SUVs) and trucks loaded to the tits with tech junk is to blame. Auto industry sold the idea to Americans that their fat ass needs a compensator instead of psychiatric help.
Nah.
It’s poor planing and over spending that is the issue. People who lease cars are on an endless cycle of never owning anything and always laying a premium.
Just actually buy a car you can actually afford.monthly payments on and drive the car into the ground. Every car in have owned has made it at least a decade and a 150k miles. Once you are done paying off take what the monthly payment would be and out it into two banks account split 20/80. Woth the 80% being towards a new car and the 20% being for repairs.
Exactly. I like cars so it starts to suck keeping them for 10 years but otherwise I’d be in continual car payments.
Also taxes and insurance get cheaper as the car gets older too, so that helps.
Yup. We run two cars since we both commute for work but one is fully paid off and the other one is almost done. They payment for the first one is now going into a repair account for it and a down payment account.
The reason we haven’t paid off the other car is because we had 0% financing. So the money going into the ally account is making us money vs the bank having it.
We also have a gm card and both cars are gm. So we should have several thousands to redeem on that towards a new down payment.
Name a person you know who over spends like this.
My brother in law and sister in law. They have two brand new leases and a house they can’t afford and have been borrowing money from my in laws to keep afloat.
Lots of people over spend this way. I had a friend who was making $700 a month payments on a used Mercedes suv as a new teacher.
Lots of people over spend on dumb shit.
Removed by mod
Wherever you live sounds like a shithole.
At my last place where we live for over a decade we had nice patio furniture and garden tools out on the front lawn and the only time something was touched is when a neighbor borrowed it for a day. Never had so much as a little kids toy taken.
You should hop in your car and move someplace where people don’t steal your shit. It’s easier than you think to set up in a new area ( I’ve done it multiple times in my life with less than $100 in my pocket. ) people only think they are stuck and it become a self fulfilling prophecy.
He must be from New york
New York is pretty safe now.
District of Columbia,
Washington, Oregon, Colorado, Louisiana, New Mexico, Hawaii, Arkansas, South Carolina, Texas, Tennessee, Delaware, Missouri, Arizona, Oklahoma, California, Montana, North Carolina, Kansas, Utah, Minnesota, Nevada, Nebraska, and Vermont
All have higher larceny theft rates.
I live in NJ and my last car before this had a 100mile round trip commute on it. Last I checked they salt the roads. I don’t do any maintenance on my car. I take it in for service at the dealer during the finance period and then a local shop near me for larger repairs. I take it to a valvoline for oil changes. Last car I retired needed a total of 6grand in repairs over its life that weren’t regular maintaine. That is why I said to take 20% of the payment and put it in a bank account for repairs. You should read another person’s posts before making a bunch of self serving assumptions to make your self feel better
https://www.trustedchoice.com/insurance-articles/wheels-wings-motors/average-miles-driven-per-year/
Looks about dead average to me.
True or not, that got a good belly laugh out of me.