Why Americans are suddenly paying $550 per month for new cars

You are willing to go to the library?

yeah, I mostly BS on the net anyways, it ain't business like that and my job got very fast FIOS and I work overnight.

I mostly watch porn and music downloads from here, I don't need to spend that 100 + I'm single and would love a nice car.

I'm thinking maybe that prison life will benefit me a bit, get more shit done.... the internet is a distraction...
 
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I'm thinking maybe that prison life will benefit me a bit, get more shit done....
“You don’t say”
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Truth, you gotta live + alot of people are single and seek attention to find somebody so you may have to sprulge a bit. I think those CC are more important to get rid of than the car. Get those out the way with then get a nice whip.

We gotta be real with ourselfves, these hoes ain't fucking with dusty niggas pushing civics, you gotta fake it till you make it. Always the educated nigga wanna give a speech when he got a bitch, kids and a house and other niggas trying to get right.

I wanna get rid of them CC cards then get a Bimmer next year, my only real bills with be rent, car and water/light...

1000 percent co-sign!
 
At one time buying a slightly used car over a new car was no brainer. Now in the age of the trickle-down economy, it may not always be the smartest move. Americans have been bringing home less money now for nearly 30yrs and have less wealth than ever. We've become more dependent on credit than ever and the car industry has adjusted. Incentives like 0% financing can offset depreciation of a new vehicle while giving the benefit of having the latest safety gear and best warranty. Used cars are always more of a gamble than new even if its only a couple of years old. Also used car stock has been down in recent years as Americans are keeping their cars longer. It has also been noted that of the used cars available many have not been maintained properly as cash strapped owners aren't always performing maintenance when they should. My grandad always said buying a used car is buying someone else's problems. In his day that was probably true. Today cars are generally more reliable but you do have models out here that are more troublesome than others so as always a little research is in order. As for me since I keep cars 10 yrs or more I tend to buy new.
 
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At one time buying a slightly used car over a new car was no brainer. Now in the age of the trickle-down economy, it may not always be the smartest move. Americans have been bringing home less money now for nearly 30yrs and have less wealth than ever. We've become more dependent on credit than ever and the car industry has adjusted. Incentives like 0% financing can offset depreciation of a new vehicle while giving the benefit of having the latest safety gear and best warranty. Used cars are always more of a gamble than new even if its only a couple of years old. Also used car stock has been down in recent years as Americans are keeping their cars longer. It has also been noted that of the used cars available many have not been maintained properly as cash strapped owners aren't always performing maintenance when they should. My grandad always said buying a used car is buying someone else's problems. In his day that was probably true. Today cars are generally more reliable but you do have models out here that more troublesome than others so as always a little research is in order. As for me since I keep cars 10 yrs or more I tend to buy new.
The reason why America is such a dynamic economy is because of easy access to credit. The only problem is that people tend to abuse it.
 
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Lot of struggle in this thread.

I'm not ashamed to say I can't afford a new X-7 right now. I can't write off the lease nor can I justify the payments for the usage and need. Don't got to lie to post here.

This. I CAN afford the X-7 and feel the same way you do. There’s a cat at my work that just got one (well, his wife did) and he just sold his McLaren to a dude in Miami. I can’t make sense of it. Can’t do it. I know they got money and no kids and can do that. I have kids and I always say I’m broke so I just... can’t.

Looks like you really want that X7. Well, good thing is that BMWs depreciate quickly but not as bad as Teslas. So, just relax for two years and they will fall in prices.

This.

Yeah, but I want a new one. Will probably wait to see the reliability on these. Wife is re upping her lease so she will get a Lexus. Then I can drive her shit and wait.

Wait it out for a few years and you’ll have time to make a sure decision. Wifey was talking about giving her car to our son and leasing a Lex. We will have one car note in the house and that sounds just fine.




oNE
 
All planned. The ev1's and ev2's were crushed and shredded. 4 were put in museums but the engine and ignition were taken out so no one could duplicate them. They refused to take checks for the cars.
There is a lot of technology that is hidden from the public even though they have finally found out how to back engineer it.
How long will demons rule the earth and now they have been working on taking the whole universe.
What they have done to blacks on earth they have been working on doing the same to blacks in secret parts of the earth and outer space. We give them the blessing to investigate what they seriously want to keep from us.
Even though it is a blessing to have a car, why are there so many homeless that can barely survive? You will find out the average person that can buy a good dependable car cash money already have around 15 owned by them vehicles. Same with houses and land.
 
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The reason why America is such a dynamic economy is because of easy access to credit. The only problem is that people tend to abuse it.
They say owe no man nothing but love and you can keep that. It is about others owning people. Diddy did what George Washington, Thomas Jefferson, etc. did to black women and a lot more including killing them and it was all legal at that time. They are steady working on bringing those times back.
This white man's world was build on to many secrets and sorcery. Strange how they took the original owners (blacks) and still doing it in our face. Fear is the main thing in the way of us taking it back. But got to do it before it is to late.
 
$745 in Q1. But $1k payments are no longer uncommon...

Folks with these $1k/month and higher payments are purchasing the cars with no trade-in and no money down.

Bringing a trade-in and dropping a down payment always lowers the monthly payments.
 
1. Never get a high interest rate loan paired with a high depreciating car. You are looking at some serious negative equity.

EV are rapidly improving, they also tank the used car market. Range or charging speed can jump easily with bigger screens. Buyers with gas cars only saw small incremental improvements.


Because of the limited supply, I got into a bad deal. Now you can dictate your terms.
 
Cars are starting to look like CPU, a short time frame where there is a used market. Moore's law takes over renders them obsolete quick. The differential between new and used is so great, buyers have no choice but to buy new.

Cars improvement was the same with gas cars.
 
I been scratching my head wondering how folks are buying these cars, this cat explains it…

Why Are So Many UBER Cars Getting Repossessed
July 21, 2025

Today I have an important message for all the Uber and Lyft drivers out there. I recently visited an auto auction and saw tons of repossessed rideshare vehicles, so I wanted to share some insights about the rideshare market. Stay safe out there!

 
I been scratching my head wondering how folks are buying these cars, this cat explains it…

Why Are So Many UBER Cars Getting Repossessed
July 21, 2025

Today I have an important message for all the Uber and Lyft drivers out there. I recently visited an auto auction and saw tons of repossessed rideshare vehicles, so I wanted to share some insights about the rideshare market. Stay safe out there!


The Banks lost millions. Word?
 
The reason why America is such a dynamic economy is because of easy access to credit. The only problem is that people tend to abuse it.
People should be businesses. To understand the ownership of US Bonds, all you have to do is look at the roads. It's the same way in Trinidad. The higher prices of oil are negated by the drop in the currency. It's almost as if it's coordinated.
 
1. Never get a high interest rate loan paired with a high depreciating car. You are looking at some serious negative equity.

EV are rapidly improving, they also tank the used car market. Range or charging speed can jump easily with bigger screens. Buyers with gas cars only saw small incremental improvements.


Because of the limited supply, I got into a bad deal. Now you can dictate your terms.
What type of deal? You have a 700 credit score? If you do I know a place guaranteed to refi at 3.5%. Shits mad wild on the finance rates even if your credit is good now. Penfed (and maybe Navy Fed) gave 5.5% but another credit union beat that. How I ended up with 3.5%
 
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I been scratching my head wondering how folks are buying these cars, this cat explains it…

Why Are So Many UBER Cars Getting Repossessed
July 21, 2025

Today I have an important message for all the Uber and Lyft drivers out there. I recently visited an auto auction and saw tons of repossessed rideshare vehicles, so I wanted to share some insights about the rideshare market. Stay safe out there!



I had to shake my head a bit.

It's common for taxis to rack up six figure mileage in a year. They get replaced every three or four years. This has been happening for nearly a century.

Why would banks think it would be different for Uber cars? Why did it take until 2023 for them to do something about it? How did they not see this coming?
 
This should be common knowledge, but surprisingly it isn’t.

Buying these new cars and financing/leasing really isn’t worth it nowadays.

It also explains why Obama/Congress did the “Cash For Clunkers” thing, the car manufacturers wanted those old cars that you could work on yourself off the road/market.

Manufacturers Don’t Want You To Maintain Your Car Anymore…
August 2025

In this video, I show you how a routine maintenance job like flushing the transmission on this Ford truck is no longer routine.

 
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