I’m currently watching a YouTube of a man with an $1100/month car payment on a $3000/month salary who owes $53k on the car. He is wanting to roll his negative equity into something called a Hellcat(???) And I’m wondering are these the same ppl saying the economy is bad bec WTF are you doing? - ThreadSky

sashabeauloux.bsky.social • 61 days ago

I’m currently watching a YouTube of a man with an $1100/month car payment on a $3000/month salary who owes $53k on the car. He is wanting to roll his negative equity into something called a Hellcat(???)

And I’m wondering are these the same ppl saying the economy is bad bec WTF are you doing?

Comments

zeebap2.bsky.social•60 days ago

"The economy is bad, so I'm gonna vote for trump," idiots.

sashabeauloux.bsky.social•60 days ago

It had me wondering…

Are these the same people saying the economy is bad?

zeebap2.bsky.social•60 days ago

Yes. NBC president had a blurb about the most touching story they covered about these families who drove 2 hours to save $2 on a loaf of bread. 🥴🤷🏾‍♀️🤦🏾‍♀️

nching0.bsky.social•60 days ago

I will never EVER pay that amount of money a month for a car. IDC how much money I make...Fk that!

reneepatrice.bsky.social•60 days ago

Same. I don't want an enormous chunk of money parked on the street where anyone can steal it or damage it.

nching0.bsky.social•60 days ago

Girl they must have terrible credit or something cuz what the actual hell??

sashabeauloux.bsky.social•60 days ago

…and for a depreciating asset at that!

nching0.bsky.social•60 days ago

Can you imagine??

blindmellojelly.bsky.social•60 days ago

The second you drive it off the lot, it starts depreciating.

peachyinnj.bsky.social•60 days ago

I do not understand this at all. We have always kept cars until the point it made more sense to get a new one than to repair the old one.

My car is a 2009 Chevy Aveo. We bought it used and paid cash. It's still doing its thing, getting me where I want to go.

bunnyshelton.bsky.social•60 days ago

I wonder if he was in the military when he purchased the car. I used to see military folks do that back when I was doing real estate 30 some years ago.

rudolphjordan.bsky.social•60 days ago

Interest / financing should be part of home economics classes in high school. I used to teach my recruits how to minimize / avoid paying interest when I was an army recruiter. Had to teach my daughter a few years ago when she bought her first car because she had no clue.

sashabeauloux.bsky.social•60 days ago

I think they should teach financial literacy in high school tbh

rudolphjordan.bsky.social•60 days ago

Remember when they used to teach square dancing in gym in Chicago? Financial Literacy would’ve certainly been more useful.

sashabeauloux.bsky.social•60 days ago

I remember those!

mmnisnmn9.bsky.social•61 days ago

An $1100/month car payment is beyond ridiculous.

sashabeauloux.bsky.social•61 days ago

I don’t understand it…AT ALL

resistsaj.bsky.social•60 days ago

Common problem with people who have financial issues. Cars are an easy display of wealth (perception). I used to review credit records for a non-profit. It’s a huge red flag when they have purchased a car worth 25-50% of their annual income.

sashabeauloux.bsky.social•61 days ago

I watched a video yesterday of a woman who was ADAMANT that she would NEVER drive a beater and her car payment was $1400/month and she was struggling but said it was worth it?

I’m sorry…I don’t get it

My first car was a 1975 VW Rabbit (bright yellow😳) with 100k miles on it

thekeithiest.bsky.social•61 days ago

I currently drive a 2015 Nissan Rogue with 196,000 miles on it and I’m just as content as I can be. Gets us where we need to go in relative comfort.

viatachew.bsky.social•61 days ago

Yeah, I drive a 2013 Nissan Pathfinder with 180K miles and she gets me where I need to go. I love not having a car payment.

reneepatrice.bsky.social•60 days ago

I drive a 2003 Honda Element - less than 70k miles on it and I still love it! No car payments makes up for not having the most modern doo-dads in your car.