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Economy

calguy

(5,833 posts)

3. I remember back when I was in high school, the average car loan was two years

Reply to Eugene (Original post)

Mon Aug 21, 2023, 10:07 AM

Aug 2023

We've slowly seen the car industry chain their consumers to more monthly payments, with six and seven hear payments the norm.
Remember when they advertised the Ford Maverick as the *last car under $2000?

Click here to purchase valentine hearts!

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Looking for a new car under $20,000? Good luck. Your choice has dwindled to just one vehicle [View all] Eugene Aug 2023 OP

I'ma drive my paid-off 2008 Acura TL into the damn ground Hugh_Lebowski Aug 2023 #1

Amen, Hugh. Diamond_Dog Aug 2023 #4

Same for me and my 2002 RL with 200k unc70 Aug 2023 #5

I still have a 15 y/o Camry Hybrid. Have spent $2K on water pump, 1 12V battery, tires, Wonder Why Aug 2023 #9

Plus, they are making almost no cars with stick shifts. PoindexterOglethorpe Aug 2023 #2

I think it's interesting that the least stolen cars are stick shift models. Bad guys can't shift.. mitch96 Aug 2023 #10

A couple of weeks ago I was showing someone something in my garage, and PoindexterOglethorpe Aug 2023 #13

I remember back when I was in high school, the average car loan was two years calguy Aug 2023 #3

I don't remember the 2K price level but I definitely remember the 5K price level Hugh_Lebowski Aug 2023 #8

The truly scary thing about those PoindexterOglethorpe Aug 2023 #14

MSRP under $20k and then the dealer adds on options and fees and you start looking at $25k mitch96 Aug 2023 #6

I umderstand what you are saying. PoindexterOglethorpe Aug 2023 #15

One of the best pieces of financial advise I've been given Unwind Your Mind Aug 2023 #7

Also, don't take out a loan. PoindexterOglethorpe Aug 2023 #16

Still driving my 2009 Tacoma Yo_Mama_Been_Loggin Aug 2023 #11

I'm helping to combat new car price inflation. roamer65 Aug 2023 #12