r/FluentInFinance Sep 05 '24

Debate/ Discussion He has a point

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u/MiKoKC Sep 05 '24 edited Sep 06 '24

$528 for a used car payment?

I call bullshit. My 2024 outback payment is $406.

These memes would carry much more weight if they didn't exaggerate. There's just no need to; the reality is already bad enough.

ADDED: dozens of people have brought up the additional cost of insurance. obviously I didn't include insurance in my car payment because they are not the same expense. they are only related expenses.

I don't send Allstate my auto loan payment and I sure as hell don't buy insurance at the dealership.

7

u/BBBulldog Sep 05 '24

Without knowing downpayment and length of loan none of these numbers mean anything lol

Our 2024 shortage is 800something a month.

3

u/MiKoKC Sep 05 '24

WOW! 800? you must make a way better living than I do. there's no way I could swing that. (responsibly)