what went so horribly wrong?

>>28499220 (OP)
Loans and payments on every possible thing in your life now down to pizzas is simply causing everything to get insanely expensive. Before student loans college was largely affordable. Then everyone agreed to take out loans and colleges simply kept adding zeros to their tuition. Now car makers do that. Hospitals and doctors do that. Basically everyone can get approved for a loan on anything, and think its reasonable to simply make payments on everything their entire stupid life.

It all started with people like the author of that article.

>>28499220 (OP)
people are broke but still think they NEED that $80k trugg with 72 month 20% APR

>>28499220 (OP)
broom broom, goy

What happens once your car devalues to like half of its price a year later?
Is this really worth doing instead of just buying used?

>>28499220 (OP)
1/10 people are millionaires in America. Once you realize that it makes sense. Just don't be poor. It's that simple.

>>28499220 (OP)
>$1,000/mn
People who refuse to put any down payment beyond the bare minimum.

The Honda CR-V is considered a compact SUV. My local price is $36,500. They only sell AWD models here with the snow we get.

So after tax and title that is more than $40,000. Certainly for most people with little down that is easily over $1000 a month.

>>28499493

>>28499325
You realize people have car payments on used cars too right

>>28499220 (OP)
The Jews.
Always the Jews.

>>28499329
>1/10 people are millionaires in America.
1/6 people are on food stamps in America.

>$80k salary is the norm now
GEE WHIZ I WONDER WHY PEOPLE CAN AFFORD MORE CAR NOW?????

>>28499220 (OP)
Jews

>>28499493
>>28499499
Your issue is assuming they take a 48month loan and not a 72

>>28499224
We are rapidly learning why usury was prohibited

>>28499325
It seems like a lot of normalfags genuinely think that if they get a used car it'll break down.

>>28502117
>>28502140
>>28499689
>>28499245
I hope you guys are ready to do the needful to kikes when the time comes.

>>28501984
>can afford
lol. lmao.

>>28501984
>Loan
>Afford
Kike spotted.

>>28502156
I'm still waiting for the rest of the West to even just realize it at 15%. It took even less to set Germany off.

>>28499220 (OP)
juice

>spending more than €15k on a car
Moron, you're in heavy depreciation territory. Get out of there.

>>28502169
I can borrow $80k from the bank at 5% interest and comfortably pay it off with my income while the $80k cash that I didn’t spend outright can go into ETFs and return 10% each year. Nothing wrong with financing if you have your shit together.

>>28502329
>NFTs
Lol, lmao even. Listen buddy, I already have everything I want and not a cent of it was loaned.
>3 sports cars
>Multi million dollar home
> A young qt I just knocked up
And you won't see even a percent of interest from it. Now kvetch for me.

>>28502360
What do you do for a living?

>>28502329
To be fair, if you could get a 5% HELOC or some other personal loan, you wouldn't be using that to invest. Lender rules not withstanding, you'd never take out a loan with the intent to invest it which is why people get tired of the "yeah I have the cash but loans are smarter" argument. Yes mathematically you're coming out something like 2% ahead which is technically profiting, but its quite the dog and pony show to make a few pennies on such a large amount of money.

>>28499220 (OP)
that's my mortgage

>>28502372
Heh. Have to resort to making fun of my perceived status based on employment title? I wouldn't worry about it too much, titles are meaningless if you don't play jew games.

>>28502372
>What do you do for a living?
I know reactor operators that make 200k annually. Frankly any operator makes loads of money.

>>28502398
>>28502408
I'm not making fun of anyone, I would like to know what you do for a living to afford 3 sports cars, a multi million dollar home, and mail order bride, perhaps its a field I could get into.

>>28499220 (OP)
Its a currency collapse, all the banks are buying gold in record numbers, I suggest you's all do the same.

>>28502411
he's larping and you're falling for it you dense retard

>>28502442
I'm sure theres some techbro on /o/ that makes $500k a year that shitposts. But I'm not felling for anything, I'm painting him into a corner (because I'm a painter)

>>28499493
> So after tax and title that is more than $40,000. Certainly for most people with little down that is easily over $1000 a month.
how tf? t: 32k car loan with a 406 dollar monthly

>>28499220 (OP)
people buying vehicles that are bigger than they need with shit they don't need, especially when it comes to trucks

>>28502485
>bigger than they need with shit they don't need
What most people "need" is a $2000 vespa. Who are you to judge what people do or do not "need"?

>>28499220 (OP)
>per month
Fucks wrong with burgerbros?

>>28502495
If you want an expensive car you should just save up for it. It's probably still a bad idea but at least you're not paying usurers.

>>28502411
It's literally just not getting loans or credit cards. Or giving a fuck about clout, status. It makes me an outsider and when ever people ask what I do it's purely to have some kind of dumbass societal one up. It's hilarious. The answer is nothing in particular and what ever pays. Staying in one field if financial death these days.

>>28502566
This! I just save up for anything I want even if I already have the money even if it's just 40$.

>>28502566
Are the users in the room with you right now?

>>28502583
Yes.

>>28502580
>It's literally just not getting loans or credit cards.
So you made millions of dollars without getting a single loan. What is the secret to your fortune?

I use a credit card daily. I get about $1500 in cash back throughout the year. Whats wrong with credit cards?

>>28499220 (OP)
normies are welcome to finance as much as they want on whatever luxury suv they want. I paid my car off in 4 months, it’s no skin off my back.

>>28502566
pol brain rot. do you store your money under the mattress?

>>28502360
>>NFTs
You don't have any of that shit if you're confusing an ETF with an NFT.

>>28502477
Most people don't put 30% down like you had to to get that kind of payment on a 60 month.

>>28501984
>>$80k salary is the norm now
lol
https://fred.stlouisfed.org/series/MEPAINUSA646N

>>28502329
A banker wrote this post

That aint the average car loan pmt., maybe with fucking insurance and gas cost thrown in.
Median american car payment is a CPO lease or a 3-6 year old vehicle on a 60-84 month for $350-500

The jew is definitely trying though.

>>28502764
It's talking specifically about loans for new cars that were financed in the last 3 months. Not all loans from everyone.

>>28499220 (OP)
We let them out of the camps

>>28499220 (OP)
I'm paying 280 euros for 3 years and I already think it's too much, why are mutts like this?
Do they really need the over 100k truck that they'll never use the truck capabilities or what?

>>28502977
Because new car APR is lower than used car APR, then on top of that anyone can be approved now for a 72 month loan on a car.

>>28502977
America killed off all cheap new cars.

>>28502686
Not him but I unironically store cash hidden at home and use it for everyday purchases and gas etc because fuck paying taxes

Loans are usury and cars should only be owned outright

>>28502477
>he has a fucking 8 year car loan

lmao

lol even

>>28502411
Fields you can earn 100k+ in easily:
Air Traffic Control (TRACON 8+ and all En Route make $120k base with tons more in overtime)
a BS in ME, EE, CE - any decent engineer basically
BS in Physics, Math
MS or PhD in Biochem working for pharma makes 110k starting, with a BS and 5 years experience you can make 105k

>>28502702
No, he has an 8 year loan, possibly a 9 year loan.

>>28502977
>10k car

ok poor

>>28503327
Thanks grok, but could you find a real job and not suggest "just get a niche degree"?

>>28503334
I listed several ways to find tons of jobs dude

With your ability to think, I'm guessing you couldn't make it work so don't worry, go bag fries

>>28503334
>getting a degree in Engineering is niche

>>28503336
You didn't list any ways to find tons of jobs, you suggested getting an advanced degree that would take many years and tens, possibly hundreds of thousands of dollars.

I don't think you understand the base conundrum, Moshe.

>>28503339
You think you can just walk into a job that pays 100k+ with no training, experience, or talent?

You are retarded.

ATC is a 3 year program the federal government runs and only requires a highschool degree

>>28503339
maybe you should become a realtor since you sound dumb or possibly apply to be a janitor here?

>>28503344
Yeah why not? guys in the 1950's just did shit and made their fortunes just freewheeling shit. Here you are demanding people get certified before earning money. How about you stop trying to sell me something for once?

>>28503346
I'm telling you that unless you become a shylocke scammer salesman, your only realistic way to wealth is a job in which education and training are the main factors driving your pay. I don't think you get that, you probably voted for Kamala

>>28503351
I sell propane and propane accessories, I'd never vote for a woman.

In burgerland, you need to have to work to get a car, but a car to get to work. It's a fucked conundrum with no escape.

>>28503329
>>10k car
>
>ok poor
It was 24k, but I financed 7k.

>>28499220 (OP)
>what went so horribly wrong?
Third world mixed/black Americans (Americans are not white, they are mixed or black) in a Third World US went horribly wrong. Your drinking water is poison, your food is poison, your drugs are poison, everything in your third world country is more shit than in Africa but many things even worse. You are poor and basically cuckslaves. You are the reason why our internet is shit in white first world countries. We had clean internet until you came to shit every forum, service and website.

>>28503749
We invented the internet you gay retard

>>28503329
>debt slave can’t fathom down payments
pottery

>>28504417
>I need a large sum of money
>better give you whatever sum of money I currently have to then continue paying you back!
down payments were a mistake

>>28502408
i was operating construction testing machinery+programing last year in california and was making $24/hr with a BS in engineering.

>>28504443
Because you’re not suppose to finance the full amount unless you’re an absolute poorfag.
Imagine driving around in a car you’re underwater on lol

>>28504482
>Imagine driving around in a car you’re underwater on lol
Why would that be a bad thing? Say I put $0 down on a new $50,000 car, as soon as I drive it off the lot I'm underwater on it. And if I keep that car for 10 or 15 years what use was imagining doing for you or me?

>>28503327
>just be able to do math or science bro
Jump off a bridge.

>>28499220 (OP)
Zoomers and some millennials are fucking retarded when buying the car.

>>28504487
You’re paying interest on 100% of the value of the car new and if it gets totaled your insurance won’t be enough to pay off the car.

>>28499220 (OP)
Social media has inflated egos to where people can't accept they are unremarkable retards who should be driving a low cost reliable Toyota Corolla. They all want the fucked up Audi that will cost them thousands a year in maintenance.

>>28499224
>taking out loans made the product more expensive
Not how it works

>>28504660
This, your average person can barely afford this shit but they're being gaslit into thinking they have to have the most expensive fucking payment they can swing at their income.

>>28504689
It is how it works Anon, if something's absurdly expensive and I can't afford it, and then some stupid asshole like klarna comes along and says I can, well now the price is justified, it can be whatever the fuck they want.

>>28504689
It is literally how it works retard. More loan money = more people can ””afford”” stuff = more demand = higher prices. Student loans caused exactly that. Why wouldn’t universities just keep creeping costs up if they know the government will just lend out money willy nilly for students?

how are people supposed to own homes when they can barely own something that is a faction of it?

>>28504719
I can't wait until the debt subsidized normies can't get credit anymore when everything falls apart and things fall on their ass in price.

>>28504320
Americans are ten years off claiming to have invented the door.

>>28502150
A lot of the retards on /o/ think hat too

>>28502360
Shit L.A.R.P.

>>28504725
You don't

>>28504649
Are you aware if you do a 0% down loan you're most likely required to obtain and pay for gap insurance?

Have you ever bought a car before?

Have $1000 worth shitbox
>fully own
>Annual repairs $200 includes oil
Feels good

>>28504776
So you’re paying extra in insurance.
Yes I’ve bought a new car before and I paid like 40-50% down and paid the loan off early.

>>28504776
Lmao, no you're not unless it's a lease. The bank doesn't give a shit if you're upside down on the loan and total the car, you're already on the hook for the loan.

>>28504689
>Not how it works

>>28504794
>Lmao, no you're not unless it's a lease.
Why would you get gap insurance on the value of a car for a lease? A car you're essentially renting? That doesn't even make sense.

>>28499329
ooh la la everyone is rich

>>28502477
>>28502126
See the issue is you are using my assumption of a CR-V. Yes a CR-V at 72 months vs 48 months would be not close to $1000 a month. The issue is in reality people are paying $1000 a month, because they aren't buying CR-V's at 40k. The average is $50,000 for a new car. So that puts it back to $1000 a month. I mean look at the price of a Tacoma. You aren't paying 40k anymore!

>>28504946

>>28504838
You would owe the dealer the difference.

>>28504838
How are you going to give the car back if it's totaled, you fucking retard? Do you think you only need to insure for the cost of the lease and not the whole car too?

>>28504980
>>28504965
Just regular full coverage insurance.

>>28504989
So you are retarded.

>>28499220 (OP)
N

>>28504689

>>28504728
what did you say? to crank up the money printer to over 9000 billion per minute?

>>28503327
I'm ATC on break at a level 12 ARTCC working overtime. But I doubt anyone here would even attempt it.

>>28499220 (OP)
Who is this the norm for? People buying new cars? Then yes, I can believe that. With 9% interest rate and the usual note lasting only 36 months, $1000 a month to buy a $30,000 car isn't too strange if nobody will do a down payment.

>>28499220 (OP)
nigger cattle death drive, furiously racing toward the Great Culling™

>>28504482
If I wanted to be a debtard I would put zero down and negotiate the lowest total cost for the vehicle then apply the doen payment amount to the loan balance. Stealerships are turbo jews that will steal your down payment by adding made up bullshit fees to the loan that equal the down payment.

Car loans are for goyim. You only buy cars cash and for less than 5% of your NW (10% if you are really into cars). Drive a shitbox and invest until you have earned the freedom to drive a nice car guilt free

>>28506317
>be me
>working as a travelling IT tech
>making $30/h 50h/wk plus 68C/km with an average of 600km/wk
>shitty Lincoln MKZ can't take the drive
>>hey bossman would it be safe to commit to a car
>>yeah go for it, i don't wanna let you go
>buy 2021 CX30 Turbo used
>ffw 2 weeks
>boss gets audited
>lose job
>now making significantly less at a job with a 100km unpaid commute
>cannot afford car anymore
The used car market in Canada is so fucked i don't know what i could have done differently but this was certainly one of the worst options i could have chosen

>>28506317
>>28506354
Save up $20-25k, Find you a $20-25k car, get loan if APR is under 7% for like $10-15k, pay off loan while you keep working. That way if you do lose your income 2 weeks after getting said car you already have the cash to continue paying that loan until you get your next job. Or, if you have a 3-6month emergency fund just pay off the car loan to have 1 less debt or thing to worry about while job hunting.

Have the padding in place before you jump and start falling is the moral of that. Its really only once you're so financially and occupationally set should you actually consider a $50k+ vehicle without $50k cash sitting around for it such as being in your 40's with a very stable income, plenty of cash/investments/assets, and very few (realistically zero) other liabilities.