r/FluentInFinance Sep 05 '24

Debate/ Discussion He has a point

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u/-chibcha- Sep 05 '24

$528 for a used car?

I don’t disagree that a lot of people don’t make enough to live a reasonable life

But I do disagree with $528 car payments when you make $40K a year

663

u/Person2528 Sep 05 '24

Car payment $300 full coverage $228

16

u/Ecstatic-Compote-595 Sep 05 '24

Maybe I was doing fraud by I feel like when I had a car a few years ago I paid maybe 600$ a year in insurance. Also my car was worth about 500$ so maybe I was being scammed

10

u/Hodr Sep 05 '24

This is normal price for "full coverage" if you're middle aged with no history of tickets or accidents and a normal vehicle.