Quote:
Originally Posted by KFC911
New cars averaging over 50K ... purchased mostly on cheap credit and financed for 8 years now.... 1K monthy payments on depreciating assets....  .
Used cars are close behind.
I saw that on the news yesterday....
Not me... not in my world... nope.
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Yep. Pure crazy what vehicles cost. I was looking at a new truck recently. Price was $75,000. That's only $25000 more than I paid for my house and two acres of land back in 1995. But the truck has an inverter so an owner can put a microwave or crock pot in it to cook when their debt is too high and they have to live out of their new vehicle. Just gotta add a shower and crapper.