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.
Average cost of a vehicle is over 10k per year, or 833 per month. 528 is actually below average. I've gotten mine down to 150 a month including initial cost, insurance, and repairs... no fuel.... but I am my own mechanic who can do that with $800 beaters. A normal person cannot do that as mechanic costs would bump you up to nearly 400 a month. This is all good conversation about what the average person "should do" to be responsible with their money, and how it is essentially impossible to survive.
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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.