> FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

#1 2026-01-05 21:56:02

Fuqed we are.
\
yoda

https://www.msn.com/en-us/money/other/ar-AA1TBgDj

More than one in five new-car buyers signed up for loans with payments of more than $1,000 a month in the fourth quarter, an all-time high, according to researcher Edmunds.com.

Cox expects affordability to weigh on the market this year, forecasting US auto sales of 15.8 million vehicles. That would mark the US auto industry’s first annual drop since 2022.

“The people who can still afford new vehicles are buying what they want: larger premium vehicles,” said Cox executive analyst Erin Keating. “Everyone else, they didn’t downgrade to a compact car, they left the new market entirely, buying either used or hanging onto what they’ve got.”

#2 2026-01-05 23:17:03

My car is 100% paid off. digtbk

#3 2026-01-05 23:31:18

RockHardConservative wrote:
My car is 100% paid off.

me too, but $1K per mo is fuqed

#4 2026-01-05 23:37:47

Corporate buyers leasing fleets. Writing off the costs so YOU get to pay more taxes to offset their luxury!

#5 2026-01-05 23:44:33

wrote:
me too, but $1K per mo is fuqed

A lesson in the cost of STUPIDITY!

#6 2026-01-05 23:45:48

https://www.youtube.com/watch?v=g7kLlUXtEXM

#7 2026-01-06 00:23:25

All they need to do is extend the number of months in their "four square" calculations. 72 and 84 month loans are common, and for pricier exotics, even up to 144 months.

https://www.sofi.com/learn/content/144-month-auto-loan/

#8 2026-01-06 00:24:52

Just got a nice new vehicle $720 a month for 60 months. I make $10K a month before taxes.

RockHardConservative wrote:
My car is 100% paid off.

Mine was too but some of us no longer want to look like a impecunious blaxxx driving a 13 year old beatger.

#9 2026-01-06 05:19:56

SamplesBoi wrote:
Just got a nice new vehicle $720 a month for 60 months.

lolchix

#10 2026-01-06 05:22:37

wrote:

It's a damn nice SUV. American made. Leather, butt warmers, big sun roof. I am putting some Detroit ghetto kids through college.

#11 2026-01-06 07:21:09

Tariffs ate my ass!

repuke

#12 2026-01-06 11:50:37

wrote:
me too, but $1K per mo is fuqed

So is a 7, 8 or 10 year loan on an item unlikely to last that long.

#13 2026-01-06 12:55:13

Always pay cash for a car.
Finance is so gauche.

> FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

RockHardConservative wrote:

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

wrote:

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

RockHardConservative wrote:

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

SamplesBoi wrote:

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

wrote:

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month

wrote:

Re: FACT: More than one in five new-car buyers signs up for loans with payments of more than $1000 a month