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An Auto Loan Debt Crisis Looks Imminent
(www.automoblog.net)
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this post was submitted on 08 Nov 2023
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My wife’s Honda has over 300k and still runs fine and doesn’t use oil. We put $10k aside for an emergency down payment, but every month it keeps going we are a few hundred dollars wealthier.
I laugh at my buddies who constantly need to have new vehicle.
Too many see their car as a measure of their worth.
Funny thing is my wife bought herself a beat up 1980 squarebody pickup for hauling stuff around the farm and you cannot take it out anywhere without people stopping to comment it and she only paid 4k for it.. Hell, we have near weekly offers from strangers to buy it off of us at a premium. I want to emphasise it is not some pavement princess it has whiskey wrinkles from past owners and plenty of rusty bits.
I have a similar truck. It's great for hauling junk around. I've had it since college. It used to be my daily driver. Now I have a commuter car, but I use that for errands. The thing is a tank. I also get notes on it all the time. I paid $500 for it 10 years ago. People have offered me $10k. It's very tempting, but I love that truck.
Yea, I don't think there is a dollar amount that would make my wife sell hers.
Love it.
I have a most similar vehicle, a battered 12 year old F150 that started life as a Menard's rental truck. The most notable feature about it is that it's a long-bed, single cab truck that isn't white. People who ride in it are either confused or enthralled with it's lack of whiz-bang features. There are no power windows, no power locks, no keyless entry, no color touchscreen infotainment center, no CD player, and no carpet. It's not driven every day because motorcycle, so it should hold up a long time.
that's what i'm hoping for with my 1st gen yaris, 100k and no signs of wear besides the 3 previous owners fucking up the clutch and synchronizer gears.