I have a college education and a well paying job the monthly payment on a new car has doubled since I bought my last one in 2020. No way am I buying a new car at these prices/rates.
That’s great, but the question from that OP was “are you able to” and your answer should be yes. I make less than that and I definitely am able to. But I’m waiting on the market to correct first
Though it also depends on how you define “able to”. Like I could fit a car payment in my budget but it would eat up most of my disposable income and I’m not willing to give that up, even if new cars weren’t so enshitified. I bet there’s a lot in this “technically capable but it would be a stupid financial move” group.
People who have a college education and well paying jobs.
✅ well paying job
✅ Dropped out of college and went full time
I have a college education and a well paying job the monthly payment on a new car has doubled since I bought my last one in 2020. No way am I buying a new car at these prices/rates.
Fair enough
back in my day Spock had small hair
With my last raise I’m over 130k a year and I still don’t buy new cars. My 2010 Audi is still running just fine.
That’s probably a sound decision
That’s great, but the question from that OP was “are you able to” and your answer should be yes. I make less than that and I definitely am able to. But I’m waiting on the market to correct first
Though it also depends on how you define “able to”. Like I could fit a car payment in my budget but it would eat up most of my disposable income and I’m not willing to give that up, even if new cars weren’t so enshitified. I bet there’s a lot in this “technically capable but it would be a stupid financial move” group.