With an average U.S. new-vehicle selling price of just over $45,000 last month, many can’t afford to buy new — even though prices are down more than $2,000 from the peak in December of 2022, according to J.D. Power.
Car payments are a poverty trap. I haven’t had one in a decade. Buying a used car for cash is such a better deal anyway. I do need suckers to get those 1-2 year leases though to make my cars cheaper.
Car payments are a poverty trap. I haven’t had one in a decade. Buying a used car for cash is such a better deal anyway. I do need suckers to get those 1-2 year leases though to make my cars cheaper.