The one thing we should know about humans by now is that they do not learn from past experiences and history will ALWAYS repeat itself.

I had 3 car seats across in a Pontiac Vibe, it can be done. The bigger seats were even Recaros, not exactly small for bolstering.

They could have picked a different family to support their underwater car loan story. I am sure many other families are under due to unforeseeable reason outside of their control, but this family isn’t one. They made a bad choice, and a very glaring one at that.

Modern car seats, tiny middle seats, and bulky interiors make the family of 5 in a 2 row car rather difficult these days, but it is still doable. I specifically got my Renegade because it could fit the 3 car seats and a stroller + stuff in the back. The biggest issue I actually had was that many cars have a sub-12"…

A friend of mine rolled a bunch of negative equity from several ill-advised car purchases into a Toyota RAV4... it ended up being a $48,000 RAV4, which almost became a running joke in my friend group due to it being an extremely base FWD RAV4 costing more than a Limited.

I’m the dad in a family of 5, we have a 2009 Pontiac Vibe and a 2013 Chrysler Town & Country. When you buy the right cars for your family, you can go for a decade without a car payment.

Exactly, they don’t “want” to move them in a smaller car—they can, but they feel entitled to more. You should see what people in countries with even bigger families that aren’t full of entitled wusses get around with because they have to.

I’m really looking forward to picking up my neighbor’s Supra after it gets repo’d.

honestly this was exactly what I was thinking.... they could push the $14k negative equity off split between 2 cars. if they cant make payments, they could push all their payments to one car, and lose the other, but they wont lose their only car.

“Kesterson says that Volvo customers usually pay cash for their vehicles”

Who that watched both new and used car prices explode over the last 3 years, taking loan balances with them, could make such a claim with a straight face??  If you paid 20% over MSRP and financed 80%, you are underwater the minute prices recede.  I’ve been making a similar observation about a lot of other financed…

Okay. get two cars,

“After he realized his family needed a bigger vehicle, they did something unusual: they traded in both of their vehicles for a Ford Explorer.”

A lot of car buying decisions are made based on how the buyer thinks they will feel and, worse, how they think others will feel about them. How cool will it be when all the other people see them pick up / drop off their kids at school in a shiney new Derpmaster Turbodork SuXX. They get this image in their head and it…

People be shoppin’. 

Expect bailouts of financial companies that goes straight to CEO level pockets and does fuckall to secure assets into hands of the working class.

“St. Peter, don’t you call me ‘cause I can’t go
I owe my soul to the company st... uh Ford Motor Credit.”

First of all, if your family “needs a bigger car,” there are far cheaper options out there than a $49K Ford Explorer.

Hurray! We’re back to normal!

Just went to the auto show here in my city and I couldn’t get over how a $60,000 (CAD) MSRP is just being normalized now. I mean, you don’t even get anything fancy for that. WTF?