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The $1,000 Car Payment Era Is Here—Now What?

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Manage episode 521081882 series 3454750
Content provided by TechMobility Productions Inc.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by TechMobility Productions Inc. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, I explore the sticker shock of current new vehicles in dealer showrooms. With average new-car prices around $50,000, more buyers are surpassing the $1,000-per-month payment, often financing negative equity and stretching loans beyond 70 months. Trucks and SUVs constitute the majority of these high payments, which strain household budgets as insurance, fuel, or repair costs rise. A practical alternative still exists: family sedans from Asian brands that continue to offer high quality at much lower prices, providing a sensible way to avoid payment fatigue if buyers prioritize stability over other options.

  continue reading

508 episodes

Artwork
iconShare
 
Manage episode 521081882 series 3454750
Content provided by TechMobility Productions Inc.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by TechMobility Productions Inc. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, I explore the sticker shock of current new vehicles in dealer showrooms. With average new-car prices around $50,000, more buyers are surpassing the $1,000-per-month payment, often financing negative equity and stretching loans beyond 70 months. Trucks and SUVs constitute the majority of these high payments, which strain household budgets as insurance, fuel, or repair costs rise. A practical alternative still exists: family sedans from Asian brands that continue to offer high quality at much lower prices, providing a sensible way to avoid payment fatigue if buyers prioritize stability over other options.

  continue reading

508 episodes

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