It’s insane to me how some people are willing to just keep having a monthly payment in perpetuity, and it doesn’t help that scummy salespeople are able to dupe them into trading in every couple of years by making the numbers show their monthly payment not changing. I know there’s some financial illiteracy in a lot of those cases, but yeah.
A friend of mine recently sold a car they MUST have been within a year or two of paying off “to reduce my payment” by buying a cheaper new car. They didn’t want to be told why that didn’t make any goddamn sense. “I wanted my payment to go down and it did, so I’m happy.” They don’t even USE their car since they work from home and doordash everything you can imagine (they make a ton of cash and live paycheck to paycheck anyway)
It’s insane to me how some people are willing to just keep having a monthly payment in perpetuity, and it doesn’t help that scummy salespeople are able to dupe them into trading in every couple of years by making the numbers show their monthly payment not changing. I know there’s some financial illiteracy in a lot of those cases, but yeah.
A friend of mine recently sold a car they MUST have been within a year or two of paying off “to reduce my payment” by buying a cheaper new car. They didn’t want to be told why that didn’t make any goddamn sense. “I wanted my payment to go down and it did, so I’m happy.” They don’t even USE their car since they work from home and doordash everything you can imagine (they make a ton of cash and live paycheck to paycheck anyway)