I mean, the argument that “More debt=bad, Less debt=good” makes sense on it’s surface. I’d like to have less debt.

People have a really irrational opposition to debt, and a lot of the arguments advanced against it can only be sustained by pure financial illiteracy. Perhaps it exists in other countries as well, but in the US it seems to me that it stems from a puritanical desire to avoid all pleasures and the belief that anyone…

You misread the article ... “I got a vehicle that has now depreciated, according to Kelley Blue Book, around $2,600". It isn’t worth $2,600, it went down $2,600. 

People seem to think debt is universally bad and don’t understand how to leverage your credit/debt into wealth.

That’s his point. For a vast majority of Americans, paying 4% on a car loan is better than the alternatives.

Sadly, your username isn’t “LittleRedMissesTheFuckingPointEntirelyDude”.

That’s what I don’t get here. It’s not like he even got a bad rate. I mean it’s not an amazing rate, but it’s well within the realm of reasonable.

Living in Weehawken, NJ and commuting to midtown by bus, I spend about $1,400 per year taking the freaking bus on commuting so less than $900 a year in a comfortable, private car doesn’t seem so bad. People who take the train from places further out in NJ spend over $4K per year on trains so again, $900 is not bad at…

Yes, this. I took out a loan for my last new car, at 1.49%, and it was a great decision. I’d originally intended to just pay cash, but as it turned out the cost of that loan was ridiculously low. Moreover, I’m glad I took it, because I wound up needing the cash for unexpected expenses. You could suggest I was dumb to…

So $2600+$854 for depreciation and interest on loan equals $3454. That means you had reliable transportation (a necessity for your job aka your income) for four years at $863/year. I’m ignoring maintenance and insurance, because those costs have nothing to do with the loan. Also, buying used means you saved money on…

You don’t seem to understand ‘investing’ or ‘opportunity cost’

Isn’t America an amazing country? Total strangers loaned you enough money that you could buy one of life’s necessities at less than 5% interest.

2013 Boss says what are you talking about.

There’s nothing quite as hilarious as watching the “Me Generation” complain about these lazy selfish kids that they raised without the slightest hint of awareness...lol 

Who’s idea was it to defund education and sell off student loan debit to private companies which ended up ballooning education costs?

Student loan defaulting thundercunt seemed like a little much.Sorry. Have a nice evening,Ma’am.

They are truly the shittiest generation in American history by a huge margin. Millennials are still young enough to collectively get their shit together as a generation. Gen X should consider themselves lucky because the problems of boomers and millennials diverted everyone’s attention away from them.

The boomers dying off is going to solve a LOT of problems.

This problem starts and ends with boomers. Once they all die off demand for cars like this will go down.

This is Jalopnik. I need the prices to come down to thirty eight cents and a pack of chewing gum.