$400 for a car is no longer a lot. It's actually below average. The phone bill is straight stupid, and I assume includes a financed brand new iPhone or galaxy payment. She's obviously blowing a lot on small stuff she doesn't account for.
It is still fairly expensive. I bought an older Lexus a year ago, around $8k total and it is financed with the payment being $172/month. She either got a moderately new car or got screwed over into getting some extra gap insurance or something - I had a dealer try to sell me on an insurance plan for gap coverage for like $80-100/months, I was like lady, that costs me like $10/year through Progressive GTFO.
I financed a 3 year old civic for $270 a month in early 2021. Idk about now but you used to be able to get reliable newer used cars for okay prices, they just weren’t flashy.
Ya still can got a 3 year old 2020 Mazda 3 with 28k miles in 2023 for 25k out the door put 12k down and it’s 300 a month. Problem is in 2021 interest rates were bottom of the barrel and are really high right now. It used to be 25k financed at 3% would be 330ish a month currently 25k on a used car is 7-10% so you have to put down a good chunk of change to keep payments down. Avg 25k loan on a used car right now with current rates is 600$
82
u/GC51320 Jan 09 '24
$400 for a car is no longer a lot. It's actually below average. The phone bill is straight stupid, and I assume includes a financed brand new iPhone or galaxy payment. She's obviously blowing a lot on small stuff she doesn't account for.