/biz/ - Business & Finance

[Anonymous No.55965090]

The average new car payment is $725/month, kek.

[Anonymous No.55965137]

>>55965090
Equifax sent out an email to all their credit customers to
>CAREFULLY CONSIDER
Getting into a new auto loan

[Anonymous No.55965415]

>>55965137

[Anonymous No.55965438]

my sister had a perfectly functional car that was almost paid off that she threw away for a shiny new car that costs 1/4 of her monthly salary

[Anonymous No.55965457]

I always look up semi-expensive cars to see how much debt the "owner" is carrying on it, 7 times out of 10, they are carrying huge amounts of debt on them. I am seriously amazed how common and normalized it has become to carry around 50k in car debt, well duh its a car, they have to be expensive, right?
Its truly fascinating the mental gymnastics on display when people justify spending so much money on a product that essentially only has one function, unless youre specializing into something like pulling a boat, most people can do perfectly fine spending 1/5th of what they were planning on a car if they werent so fucking proud. Amazing what average people are willing to pay in order to look well off.

[Anonymous No.55965473]

>>55965457
ive had 2 car loans in my life. both were $200/month for 5 years, one at like 2% interest and another at like 6% interest. i make $100k/year and hated having a car loan. absolutely blows my mind to see $60k/year normalniggers with $400-600/month car payments, especially normalniggers with bad credit whose loans are 10%+.

[Anonymous No.55965487]

>>55965457
Most people are retarded just look at shit like the brand name industry and how something like that even exists.

[Anonymous No.55965497]

>>55965438
it's a lot safer and the radio has DAB stations and there's a big touch screen hahaha isn't it great oni chan

[Anonymous No.55965540]

>>55965457
Would a $50k be worth it if it was made of quality and safety. Meaning it will last over 20 years and protect in the event of a collision?

[Anonymous No.55965544]

>>55965473
200 bucks a month is absurdly little in car payments. Thats what I am paying for mine right now. I am from Denmark where the state adds a 125% tax on the price of ALL cars. If you want to finance a Tesla Y model here, you're looking at 1000$ per month in car payments. And thats from wages that are already taxed at 43%. Do people here still finance Tesla Y models? You bet they do.

Absolutely unbefuckinglievable

[Anonymous No.55965558]

>>55965090
90% of car buyers buy cars through (((finance)))

[Anonymous No.55965561]

>>55965438
idk why normans do this. they just want to perpetually be in debt

[Anonymous No.55965570]

>>55965497
My 2010 shitty avenger has a touch screen radio even and was $16k new, aaaaaaaaa

[Anonymous No.55965610]

>>55965540
Yeah sure, if you can afford it. But this isnt what normies do. See >>55965438

[Anonymous No.55965623]

>>55965090
I bought a used 2013 Honda Accord in 2018, and it has (nominally) increased in value since then

[Anonymous No.55965661]

$840 truck payment here

[Anonymous No.55965723]

im 29 years old, make 150k a year, and have been driving the same 04 toyota corolla since my senior year of high school.
its completely beat to shit and I'm surprised it still runs with virtually 0 issues despite all the abuse and neglect I've given it.
the only reason i dont get a new car is because it still works fine but the thought of having to barter, go through paperwork and dmv bs gives me a dreadful feeling

[Anonymous No.55965826]

>>55965544
Why dont Danes buy their cars in Germany? Wouldnt that be much cheaper?

[Anonymous No.55965836]

>>55965438
I have a cousin who sold her paid off Japanese reliable economy car that was only 7 years old to buy some shitty ass rustbucket from 2003 because it has SOVL

[Anonymous No.55965844]

>>55965090
luckily theres no recession

[Anonymous No.55965847]

>>55965457
How do you look up this info? Is it public?

[Anonymous No.55965853]

>>55965661
Do you actually tow anything?

[Anonymous No.55965956]

>>55965826
That market is so heavily regulated that its almost impossible to pull off. You'd need an address in Germany to avoid the 125% tax bottom line, otherwise your car has to fuck off out of the country for 195 days of the year if you dont want to get fucked by our government.

>>55965847
It is in Denmark

[Anonymous No.55965968]

>>55965956
That's even funnier given you don't auto die without a car in Denmark + the cost of gas + whatever other tax shakedowns

Jesus

[Anonymous No.55966028]

>>55965956
Wow. What is even the reason that cars are taxed so heavily. Seems a little bit over the top!

[Anonymous No.55966142]

>>55965844
I know you're just fucking around, but to be serious, but we're on 3 weeks of record weekly declines at wholesale for almost-new but still used cars.
Banks that control the auctions must have figured out how to short the market or protect themselves somehow. It's coming.
https://www.blackbook.com/market-insights/market-insights-8-22-2023/

[Anonymous No.55966171]

>>55965968
50% of the price of gas here is from taxes. A gallon costs around 9 dollars. Insurance is also way more expensive due to our 25% universal VAT. All in all, buying a car here is just the dumbest thing you can possibly do really. A silver lining is that our housing is still very affordable outside the major urban areas, but of course not if you're dragging around 1500$ of car payments per month lol

>>55966028
They love to tax everything to death here. Something must pay for the worlds largest public sector, right?

[Anonymous No.55966284]

>>55965853
I've flipped construction materials for good gains before. But it's not consistent enough to write it off. I'm slightly retarded but once I started driving a pickup I can't go back. What justified this one for me is its a Tundra, and my Camry was absolutely bulletproof so this will last