Off topic perhaps, but I sometimes wonder how so many people afford vehicles such as Lincoln Navigators. I’ve sometimes done quick back of envelope calculations and figure monthly payments would be like a house mortgage. Then I see some trashy looking people in those cars, and I really wonder, how the heck can they afford such a vehicle.
Around here there are people driving new pick up trucks and vehicles while living in that crap trailer.
I am stunned at how many people drive a vehicle costing hundreds a month and yet live in trash.
All my vehicles are paid off so is my house, small house, average vehicles and debt free is better than living in debt
Leases. Then dump it back at the dealer in two years and get another one.
Guy has a BMW on my block. He’s paying 900 a month on a lease. Sure he’s nuts but I guess he’s happy with it.
Vehicles have approached a point in cost that it’s virtually impossible to pay them off within a time frame consistent with their obsolescence.
I’ve bought used my entire life. The truck I own now was purchased at an auction for me by a dealer friend. A 2004 4WD Dakota loaded. I got it in 2007 for 9K with 51K on the clock. I found the original bill of sale in the glove box. the original owner would have paid something like 28 grand by the time the loan was paid. They lost it in repo and I found it.
I’m still driving it.
>>Then I see some trashy looking people in those cars, and I really wonder, how the heck can they afford such a vehicle.<<
Taxpayers foot the bill for their rent, food, and utilities. You’d be amazed what disposable income you have, when the necessities are paid for by the hard-working suckers!