Reminds me of when a dude I knew was posting on Facebook how gas prices were too high and filling up his two new Cadillac Escalades was getting way too expensive because of Obamacare or something.
God damn we are a country full of idiots.
I’m in the process of purchasing a house. The current resident used a loanshark to buy the house for her as she could not qualify for traditional financing. After a few years she still could not get traditional financing and the loanshark wants to sell the property. The current tenant is a little upset at me as she views me as stealing the house from under her.
Part of why she can’t afford the house and I can is that she drives a Cadillac escalade and I drive a tiny 5 speed hatchback car.
I would bet this tracks fairly closely to percentage of pickup truck owners
Cybertrucks owners drive that even further up
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Texas and Wyoming lol not only do they buy vanity trucks but you have to drive at least 30 min to go anywhere. Paying 10 mpg and creating your society as spread out as possible, just to own the libs.
I have visited family out there and this is depressingly true.
you have to drive at least 30 min to go anywhere
If you’re going to spend that much time on the road, best be comfortable, eh?
yes that’s why i take the bus
Who can even afford that.
I’m assuming this doesn’t include maintenance or insurance?
What the ……
Expecting my state to be one of the highest - as a high cost of living state, we can afford it more than most - but it’s among the lowest? I find it crazy that the highest states are the same as the ones who can least afford it.
At first it seemed wrong for Mississippi to not be the worst but then the reality of the median wage kicked in and it shows how little people in the state actually can afford.
Big dick trucks are expensive
small dick trucks
FTFY
;)
Oh it has nothing to do with genitals. Just the owners.
Tbh surprises me just how many must be buying new cars too.
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Seems so nonsensical to me. Even if you’re someone who drives every day there are perfectly serviceable used cars out there for $5000 whos remaining useful lifetimes outlast the repayment period of a new lease or loan.
Gotta be big-ass trucks for quite a few places. ‘Specially Texas. The other facet would be poor states with lower average income will spend a higher percentage of income on the least expensive cars.
poor states with lower average income will spend a higher percentage of income
But the graphic uses an absolute USD value of 1000, so percentage of income isn’t represented. It seems more like the big ass trucks are an issue in more swaths of the great plains than just in Texas.
Total car payments for a single family? Cars or trucks? Does Texas just have reeealy bad loan rates? (Sure, I would like to say that the difference is because of oversized trucks, but reality is sometimes surprising.)
Bad credit and poor decisions. Texas has a lot of army bases and it’s a pretty well established stereotype that 18-22 year olds fresh out of AIT make really poor decisions when it comes to car loans. Lots of Camaros challengers and mustangs at like 30%, then they get repossessed and sold to the next dumb kid.
Edit: added to the age range.
Does Texas just have reeealy bad loan rates?
I’m going to guess that since “everything is bigger in Texas!”, people feel the need to buy tanks with wheels, which tend to be on the more expensive end of the car spectum (outside of luxury and exotic vehicles).
Either way, fuck that. $120,000 pissed away in 10 years for a car (PLUS insurance, gas, repairs…). Don’t people want to be able to afford housing?
I can confirm places like Texas and Florida have much worse auto loan rates due to higher delinquencies. Northern states have better rates.
