657
More Than 80 Percent Of Americans Can’t Afford New Cars
(jalopnik.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 Oct 2023
657 points (100.0% liked)
Technology
59192 readers
2406 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
That's my car in the picture that I bought this year! Subaru and government fucked me out of my 8K rebate and locked me into the purchase to try and get it or losing $3k.
I have to pay 20% of my income on this loan, Subaru provided a low interest rate loan because of the rebate thing while loan interest rates were over like 6%. I do pay more though making it 25% of my income. Combined with my mortgage I am paying 50% of my income on loans.
Since it is electric and my commute was costing me $160 prior, I am saving about $100/month on gas at least. After 3 years I should have it paid off early. Thinking of getting solar afterwards so hopefully one year in my life my costs will go down enough that I can afford to do nice things or retire.