This.

buick regal tourX

Yes, that is true. But worrying about car loans when trading one mid tier car for another is not something wealthy people do.

Yes, you know how good kinja editing is.

I hate to break it to you but people with a car note on a Jeep that trade it in for a Kia are not upper income. That is squarely middle-class antics.

If the bank is rejecting your loan application they are doing you a favor. You can’t afford that car buddy.

Only if your pay went up.

Early 2000s =/= 2000.

I hope that it goes without saying - fuck Joe Manchin.

who needs 84 month loans when you can have 96 month loans

Fake license plate, expired tags, one of the bulbs is out. What’s the difference.

you make a habit of topping off fuel when you get to half tank during hurricane season and if there is activity in the gulf you top off every single night. This  should be standard practice for anyone who lives near the coast. Not everyone does this but it’s the bare minimum you can do. 

These things won’t depreciate and you’ll get to drive one around for three years paying only maintenance and gas costs.

Wants: Weird, unique, preferably European

The correct answer to these questions is always Flex or Miata. In this case its Flex. My wife has a Limited Flex with the engine mentioned & she loves flooring it on onramps & saying “Wheeeee” and she is NOT a car gal. I’m not gonna lie this toaster hustles & is comfy as F to ride in. 10/10 recommend 

I always get annoyed by articles that only use the average. Give me the mean, median, standard deviation, and total sample size at the least.

Here’s the time where I would point out to those that may not know, that you can actually re-finance your vehicle loan much like you would re-finance a loan on a house. If for whatever reason you are stuck in a very high interest rate - didn’t read the fine print, bad credit, etc - you can shop around and potentially…

At face value, yes a 12%+ car loan is terrible. But in the context of “up from less than 10 percent a year before” makes it a bit less of a headline. That statement leads me to believe the figure was in the high 9s at the end of 2021 and therefore has risen ~3 pts. The Fed has raised interest rates from practically 0%…

AVERAGE over 12%? I though if you paid more than 12% on a car loan, you didn’t actually qualify for one.