Car payments being missed more ...

[Donald]

I have not made a truck payment in a couple of years. And it's been over a year without making a house payment.

It's a good feeling.

 

[Barkleymut]

My younger days were used vehicles with a cardboard box in the trunk with fluids, parts, and tools. Decades ago kept two Toyotas for twelve years. Brought back memories so no more old vehicles. Have been overspending for 7/100 extended warranties and maintaining the vehicles as a gift to the next owner. Recent outback’s traded in provided a nice reduction in new vehicle ownership.

On another note during the anti inflation Ron R presidency money went to the rich through twenty one percent interest. Twenty one percent interest on a new Tercel. However we got lucky ? A home builder needed to move starter homes. They bought interest down to seventeen and a half. VA said no go. Builder took cash from purchase price and brought it down to fifteen and a half. We are still in the starter home.

Maybe pay wages like Ford’s five dollars a day. Maybe freeze interest at something like two percent. And maybe fix the tax laws so Warren B pays more tax than his secretary and use the revenue to pay down the debt.

Warren B pays tens of thousands times more in taxes than his secretary.

 

[Snagglefoot]

You have to roll your tongue to say it correctly. “ Repo”.

 

[dishdude]

Warren B pays tens of thousands times more in taxes than his secretary.

Yet significantly less as a percentage of income.

 

[JeffKeryk]

The only way to stop price gouging is to stop buying these overpriced vehicles. I just wonder what the automotive industry will look like in 2035. It’s scary when I look at what has happened in the last 15 years.

And for people to understand basic personal finance.

 

[JeffKeryk]

No, I don't miss having a car payment at all.

Me neither. If I can't comfortably pay cash, I ain't buying it.

 

[SC Maintenance]

Me neither. If I can't comfortably pay cash, I ain't buying it.

I paid cash a couple times and now I have zero interest in a new vehicle. Watch all that money flitter away at once breaks my tightwad heart.

 

[JeffKeryk]

I paid cash a couple times and now I have zero interest in a new vehicle. Watch all that money flitter away at once breaks my tightwad heart.

Drive a Tesla M3P. The purse strings will open... Don't ask me how I know.
Unfortunately they will open again when you get the insurance bill... Sheesh, what's a poor boy to do?

 

[SC Maintenance]

Drive a Tesla M3P. The purse strings will open... Don't ask me how I know.
Unfortunately they will open again when you get the insurance bill... Sheesh, what's a poor boy to do?

Sounds a lot like Tequila. Maybe I should steer clear.

 

[JeffKeryk]

Sounds a lot like Tequila. Maybe I should steer clear.

Ta-kill-ya. Cactus juice.
Oh yeah, it's been 39 years since I've had a drink. And 39 years since I've been in the pokey... Go figure.

 

[jsean]

All it takes today to learn personal finance is the Internet. I suspect people don’t want to understand it and find the ignorance to be bliss as they make poor choices so they can have a shiny new thing. This isn’t rocket science.

This. Good personal financial knowledge has never been easier to access and for free. But much easier for people to watch the next viral TikTok or yet another useless consumerism video. And then you’ll hear them complain and blame their circumstances or others.

 

[CKN]

Countless times on various threads people are always liking to point immediately at the schools as if its there job to train someone's kids. As I have posted countless times on this board

• Most schools do teach personal finance - so they are attempting in most cases.
• If a school does not teach personal finance that is a local school board question. Go to a board meeting and speak.
• Do we really believe that a 16 year old kid whose parents spend every dime they get are going to follow a teachers advice?
• Every 16 yo kid I know - rich or poor, has a smart phone or access to the internet and the entire world of personal finance.

As an aside - if someone claims personal bankruptcy, they have approaching a 50% chance of claiming it a second time. Truly if one bankruptcy isn't enough do you really think its an education problem?

The issue is not a function of poor schooling, although we have somehow gone from admiring our public schools to either blaming them for the problem or assigning the task of fixing every problem.

The simple fact is personal finance is a personal responsibility question.

Schools do teach financial literacy- (read the whole thread)

O

Thread 'Car payments being missed more ...'

Nov 19, 2025

and the average transaction price of $50,000 is a likely contributor to car loan non payment(s) and jobs being eliminted . Articles can be found at autoguide.com under Auto News .

• odie
• Replies: 113
• Forum: Automotive General Topics

• 

 

[Donald]

Ta-kill-ya. Cactus juice.
Oh yeah, it's been 39 years since I've had a drink. And 39 years since I've been in the pokey... Go figure.

While not every time one drinks does one get into trouble (with the law) but every time one gets into trouble (with the jaw) one has been drinking.

Drinking is overrated.

 

[tired_old_dave]

Warren B pays tens of thousands times more in taxes than his secretary.

Thank you and I appreciate your correction. Searched for his statement. It was lower tax rate of seventeen point four not total tax.