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Car prices

Yeah but why pay $118k for a mom mobile? You can’t enjoy it really and it’s not a good tool for other things. If I’m spending $118k that vehicle is pulling something or goes very fast

The actual cost with the interest added in is $158,640.82.
 
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What am I buying here? Better be a truck full of hookers and a trunk full of blow for that price.
 
They offer 120-month financing?!?!

That's INSANE!!!
When the consumer bubble eventually bursts, the car finance companies need to be left to rot. 72 month financing is bad enough. 120 month is just asking for trouble. And allows prices to remain stupidly high.
 
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When the era of cheap money and showing off spending stops in this country, and folks will face reality that they and the government is broke, we will see a generation of pain.

Conspicuous consumption has been around for ages.
 
Wait until the 30% raises and other benefits kick in from the UAW strike. $70,000 vehicle prices may be the norm.
 
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They offer 120-month financing?!?!

That's INSANE!!!
You are viewing this all wrong. If you bought a house, you would need 360 month financing. It cuts your time paying by 2/3. It is clear that anyone buying this with 120 month financing at over 10% interest is going to be living in it. ;)
 
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I bought the extended warranty on my truck about a year ago realizing I’ll likely have it for several more years. By the time it’s up it’ll probably be $100K for a basic Ford Ranger
 
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