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re: I can’t help but think a lot of people driving newer cars with upside down loans

Posted on 5/8/24 at 8:18 pm to
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13921 posts
Posted on 5/8/24 at 8:18 pm to
quote:

I get that a big car note is not always smart but not sure you’ve priced auto repair lately.

Rarely do you get out for less than $2000.

Driving a beater can be expensive too.

“Rarely” less than $2k? This is nonsense.

This is what people tell themselves to justify the new ride.
Posted by Robin Masters
Birmingham
Member since Jul 2010
29989 posts
Posted on 5/8/24 at 8:26 pm to
quote:

Rarely” less than $2k? This is nonsense. This is what people tell themselves to justify the new ride.


Most small stuff I can do myself so maybe my perception is skewed but last two times I’ve been in for our 10 yo Acadia it’s been $1700 and $2500.

We have several drivers and my work is flexible so I was able to deal with it but combined the expense with lost work, ect and having an unreliable car is not worth the risk for people who work for a living.

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