this post was submitted on 07 May 2024
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People who have a college education and well paying jobs.
✅ well paying job
✅ Dropped out of college and went full time
I have a college education and a well paying job the monthly payment on a new car has doubled since I bought my last one in 2020. No way am I buying a new car at these prices/rates.
Fair enough
back in my day Spock had small hair
With my last raise I'm over 130k a year and I still don't buy new cars. My 2010 Audi is still running just fine.
That's great, but the question from that OP was "are you able to" and your answer should be yes. I make less than that and I definitely am able to. But I'm waiting on the market to correct first
Though it also depends on how you define "able to". Like I could fit a car payment in my budget but it would eat up most of my disposable income and I'm not willing to give that up, even if new cars weren't so enshitified. I bet there's a lot in this "technically capable but it would be a stupid financial move" group.
That's probably a sound decision