Americans Are Falling Behind on Their Car Payments
Americans Are Falling Behind on Their Car Payments
A record number of owners spend more than $1,000 on their monthly car payments. Read on to learn how to cope with payments that are too high.
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Do not, I cannot stress this enough, own a car.
If you must, don't buy one that costs you 1k a month, ffs
Some people just like to choose the hard path.
For instance, I have an older brother who fell into a bad situation and struggles with his financials. He had a car lease that was expiring and he was stressing over what to do. I made him an offer where he can have my 2017 prius if he moves in with me and takes a job where I work so he can get his shit together(he lives with my parents, he is 38 with 2 kids under child support). He ended up getting a fucking tesla, makes gargantuan 30% interest payments and now has to door dash every day now to make his ends meet. 🙃
The problem is that cars are needed for many people to get to where they need to go. In my case, if I didn't have a car, I wouldn't be able to get to many of my doctor's appointments and grocery shopping would be extremely difficult.
There are buses where I live, but they don't go to where my doctors are. And when I do my weekly grocery shopping, I can have 8 full (reusable) bags of groceries. Even if the buses went to the stores I go to, carrying all these onto and off of the bus myself would be extremely difficult.
Owning a car is a necessity for many people.