$1,000 car loan payments are on the rise, stressing household budgets

https://www.cnn.com/2026/01/27/business/1k-car-loan-payments-budgeting

27 points · 7 comments · view on lemmy.world

7 Comments

Lawnman23@lemmy.world · 17 pts · 191d (3 replies)

The lady bought a $51k Acura and the dude bought a $80k Ram.

These aren’t exactly “just trying to get by” vehicles. These are financially stupid people not wanting to work within their financial means for a vehicle. They wanted a too expensive for them “looks good so people don’t think I’m poor” vehicle and now are getting bit in the ass by it.

The article is making it out to be they are just trying to get by in life. Uh no.

ClassStruggle@lemmy.ml · 2 pts · 190d (2 replies)

80k for a newish truck is about average. People are getting fucked with the interest.

Rooster326@programming.dev · 1 pts · 189d (1 reply)

Average does not mean good or financially sound decision...

Absolutely nobody needs the leading vehicle for DUI arrest and by a lot a Ram 2500

https://www.thedrive.com/news/38238/ram-2500-drivers-have-the-most-duis-more-than-twice-the-national-average-report

ClassStruggle@lemmy.ml · -2 pts · 189d

Says someone that doesn't need a truck for work

solrize@lemmy.ml · 13 pts · 191d

Buys an Acura RDX SUV and is surprised that it's expensive. Isn't that kind of the point?

Thedogdrinkscoffee@lemmy.ca · 9 pts · 191d

Expensive for a vehicle, yes. But as a home it's cheap!

MuskyMelon@lemmy.world · 3 pts · 189d

So stupid