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/biz/ - Business & Finance

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56336482 No.56336482 [Reply] [Original]

Am I just way broker than I think I am?

Every single SUV with 45,000 miles or less is at least $22k. At 9% APR you’re looking at $375/month payments. Add in $325/month insurance, $200/month of depreciation, $200/month in repairs averaged over time, you’re looking at guaranteed $1100/month for 5 years.

I make $180k/year and find it outrageous to be paying that much for transportation, yet everyone seems to have a car or two. Even a Toyota Corolla only reduces that payment by $200/month or so.

How the fuck do people do it?

>> No.56336493
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56336493

>>56336482
>SUV
It's a cuckover. A minivan with dazzle camouflage.

>> No.56336512

>>56336482
If you’re stupid enough to finance without a reasonably sized down payment then you deserve the struggle. Hell, you should avoid financing at all if you can.

>> No.56336515

>>56336482
Just get a hatchback lmao. Don't they provide nearly the same space for a lower price? I never understood the SUV scam

>> No.56336518

>>56336493
What’s wrong with driving a minivan? I’m 6’ 3 and every fucking car except for pickup trucks fuck with my headspace. My parents minivan didn’t so I decided to just take it along with the money for the car instead of buying a pickup truck

>> No.56336532

>>56336482
>$325 insurance
How can Americans pay this fucking much for this. You are being kiked. Here in Europe we pay that much PER YEAR. Seriously can any American fag explain this?

>> No.56336536
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56336536

>>56336482
That’s about average. One of the main reasons why Europeans can live comfortable lives on a much lower salary is because they can just pay $50 for public transportation instead of $894 for a car

>> No.56336542
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56336542

>>56336482
>$325/mo insurance

Are you in California? I have an at-fault accident on my record and I still only pay like $180/mo.

If you make $180k/yr and don't have kids, just go buy a brand new Toyota Corolla and get the extended warranties. Idk how tf someone is smart/skilled enough to make $180k/yr, but they can't do basic budgeting.

>> No.56336637

>>56336482
>$325/month insurance
>>56336532
>Seriously can any American chad explain this?
Probably an "assigned risk" -- never insured before.
t. former assigned risk

>> No.56336668

>>56336482
You are not alone and the price seems to constantly increase.

>> No.56336685

>>56336482
it could even be worst than those numbers.

You didn't include tax + tip, so that car is more like $23.5k.
Used cars are closer to 10-11%+ apr and only if you have perfect credit. I think new cars are over 8%.
insurance is the only think that was overestimated, could be only around $100-150/month for most people.
Don't forget registration $50-300 per year
Smog testing $50-100 every couple years.
and on top of all that, how fucked the car market has been. I see people bragging about buying for msrp and "didn't even have to pay extra". What a deal.

>> No.56336717

>>56336668
>the price seems to constantly increase.

This is what usually gets me thinking. Buying a used vehicle in 1989 and insuring it was a fraction of what it costs today.

>> No.56336906

>>56336536
Most of the costs are related to financing it AKA buying more car than you can afford. Unfortunately these days the only way to get ahead of it is to buy a shitbox and fix it yourself when it breaks. That’s what I’ve been doing for the last 10 years. No finance charge, barely any insurance required, parts are cheap

>> No.56336918

>>56336906
When you buy a car on finance the bank makes sure you get all the bells and whistles on the insurance

>> No.56337077

>>56336918
>all the bells and whistles on the insurance

I've used GAP insurance twice, Def worth it. The warranty is where they screw you.

>> No.56337102

>>56336536
>comfortable lives
>dies from lack of A/C in summer
https://www.npr.org/2023/07/12/1187068731/heat-waves-europe-deaths-study

>laughinggirls.jepg

>> No.56337107

>>56336482
The value of everything is about double what it’s worth right now. That’s all this is.

>> No.56337114

stop financing. you're literally giving money to mr. shekelberg at the expense of just waiting a few more months before you can buy said item (which will be a little cheaper)

>> No.56337134

>>56336637
What does that means. Three figures per month of insurance is absolutely ridiculous (even more for that car). I pay 320 euros yearly for my 2020 high class Mercedes

>> No.56337142

>>56337134
the jewed law system in america means you will pay out the ass for car insurance. same with home insurance. also the reason why healthcare is so expensive. a doctor's malpractice insurance is easily 6 figures per year.

>> No.56337146

>>56336482
you cant calculate shit. seems like you are retarded.

>> No.56337160

>>56336518
Nothing, he's an incel who doesn't understand hauling around a family

>>56336536
Call me when Europe has the same population density as the US, retard, it's called we like not living on top of each other

>> No.56337276

>>56337142
>the reason why healthcare is so expensive. a doctor's malpractice insurance is easily 6 figures per year.

No healthcare is so expensive because

A) Medicare school is fucking ridiculous

and

B) they bill people for 500$ band aids because the government got involved

>> No.56337327

>>56336482
my 2011 honda fit cost $7k three years ago, in those three years I've put maybe $500 into it for maintenance and insurance is $70/month. with gas I probably pay less than $200/mo averaged. If I was so poor that I had to finance it and even factoring in depreciation (why are you doing that? just drive it into the ground dumbass, then depreciation is irrelevant) still probably would be $300/mo tops.

>> No.56337341

My auto insurance is $120/month and I live in one of the most autojewed states - Michigan. Where the fuck did you get that number from?

>> No.56337396

>>56337134
>my 2020 high class Mercedes
Ah, there it is. The humble brag.

>> No.56337477

>1pbtid humblebrag about his 180/yr wagecuck job
fuck off OP, fags like you have ruined this board. completely useless thread.

>> No.56338073

>>56337327
I got a 2020 jetta new during covid and got 0% interest borrowing 16k with 6k down. I'm just gonna drive it until it needs major repair and then I'm afraid it might get stolen :(

>> No.56338147 [DELETED] 
File: 331 KB, 680x438, 71197346369557819081.png [View same] [iqdb] [saucenao] [google]
56338147

Day 5 of posting about nyancatmoney.com 500 times a day until we are over $1 each. This is post 1615. The price has gone up 50% since the last time we posted. Holders have increased by 10.

p.s. we have a meme contest going on for the next two weeks, join the telegram or discord to enter and win.

>> No.56338184

>>56336482
i have this exact same car with the exact same color

>> No.56338236 [DELETED] 
File: 533 KB, 1024x1024, 96958886071886816777.png [View same] [iqdb] [saucenao] [google]
56338236

Day 5 of posting about nyancatmoney.com 500 times a day until we are over $1 each. This is post 1665. The price has gone up 50% since the last time we posted. Holders have increased by 10.

p.s. we have a meme contest going on for the next two weeks, join the telegram or discord to enter and win.

>> No.56338306 [DELETED] 
File: 510 KB, 1024x1024, 98843385273349530159.png [View same] [iqdb] [saucenao] [google]
56338306

Day 5 of posting about nyancatmoney.com 500 times a day until we are over $1 each. This is post 1665. The price has gone up 50% since the last time we posted. Holders have increased by 10.

p.s. we have a meme contest going on for the next two weeks, join the telegram or discord to enter and win.

>> No.56338393 [DELETED] 
File: 190 KB, 797x500, 18641706067008353225.png [View same] [iqdb] [saucenao] [google]
56338393

Day 5 of posting about nyancatmoney.com 500 times a day until we are over $1 each. This is post 1665. The price has gone up 50% since the last time we posted. Holders have increased by 10.

p.s. we have a meme contest going on for the next two weeks, join the telegram or discord to enter and win.

>> No.56339092

>>56336482
>1pbtid

>> No.56339101

In what state? Lol

I bought a 2019 Traverse in good shape, 59k miles, $19k. Payment is $250/month, insurance is $100/month, maintenance will be $100/month.

>> No.56339378

>>56336482
You're not that broke, it's that everyone in the USA is leveraged to the tits

>> No.56339392
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56339392

>>56336482
Crypto does it for them

>> No.56339619

>>56336637
>I make $180k/year and find it outrageous to be paying that much for transportation
Holy fuck just save for a year and buy it in cash. Let me guess, you can't because you're also making fuckoff payments on a 1mil house?

>> No.56339823

>>56337160
> Call me when Europe has the same population density as the US

Why are you bragging that American live in a way that makes them fat and that they can’t maintain their roads and bridges