Sir Jack of the Heartland on Nostr: I pay $578/m to my bank to keep a $26k car in my possession. It's a 5yr loan that ...
I pay $578/m to my bank to keep a $26k car in my possession. It's a 5yr loan that will cost $35 in the end. The car should last about 10 years, if not more, but when it's worn out, I will need to buy another. Whether you buy or lease a car, you are stuck with monthly payments for the rest of your life. Even if you bought your car upfront, with cash, the average American would need to set aside money in advance, each month, over the course of many years to afford a $30k purchase every 10 years...
Published at
2023-10-19 22:45:32Event JSON
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"content": "I pay $578/m to my bank to keep a $26k car in my possession. It's a 5yr loan that will cost $35 in the end. The car should last about 10 years, if not more, but when it's worn out, I will need to buy another. Whether you buy or lease a car, you are stuck with monthly payments for the rest of your life. Even if you bought your car upfront, with cash, the average American would need to set aside money in advance, each month, over the course of many years to afford a $30k purchase every 10 years...",
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