Comment on Tesla recalls all 3,878 Cybertrucks over faulty accelerator pedal cover
Addv4@lemmy.world 2 months agoNo, but we have a surprising of people who don’t see too much of an issue with taking out a 72-84 month loan on an 80k truck. (that probably is over 100k with interest and fees)
Ginger666@lemmy.world 2 months ago
Those people are brilliant
Addv4@lemmy.world 2 months ago
Poor financial literacy, not really planning for the future, or thinking the reliability will make up for the extra cost. Either way, I suspect there’s plenty of people like that around the world, just that we have less public transport so most people actually need a car to get around (although most people would be better with beaters or just a couple years old sedan).
wintermute_oregon@lemm.ee 2 months ago
I always match my loans to the warranty. That way I don’t have a payment and repairs.
The problem for most people is car cost of went up and people want very expensive cars. I’ve seen people spend equivalent to their yearly income on a car
Addv4@lemmy.world 2 months ago
Yep. I recently got a newish car (a first for me, grew up on beaters and was fine until I drove a newish miata), and a remember when talking with credit union’s officers that the new avg price for a lot of the loans they were seeing was around 50k, which just blew my mind.