$1,000 car loan payments are on the rise, stressing household budgets | CNN Business
www.cnn.com
Record-high car prices coupled with high interest rates are leading to huge monthly car payments for many Americans.
  • andrewta@lemmy.world
    20·
    1 month ago

    I’m spending close to $1,000/yr to keep my 2009 car on the road and that beats $1,000/month by a long shot.

    • Lemmyoutofhere@lemmy.caEnglish
      9·
      1 month ago

      Exactly. As long as I am spending less than $500/month on repairs, I am ahead of the game. Also helps that I can do all the repairs myself.

    • Bluegrass_Addict@lemmy.ca
      6·
      1 month ago

      and you probably don’t need to deal with the trashy workmanship that is in these things these days, plus all the fancy useless crap they force on people that when they break, the whole car stops responding.

    • Iconoclast@feddit.uk
      2·
      1 month ago

      I drive a 2007 diesel pickup and the total expenses for the past 4 years average 313€/month.

    • nwtreeoctopus@sh.itjust.works
      1·
      1 month ago

      I’m here welding a patch onto the chassis rail of my almost-60-year-old shit box. I can’t imagine spending a mortgage payment a month on a car.