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Even households earning $150,000 a year are struggling with credit card and car payments (www.cbsnews.com)
submitted 1 year ago by to c/fuckcars@lemmy.world
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cross-posted from: https://lemmy.world/post/33704049

Wanted to add, "Fuck Cars!!"

Car payments for decades of one's life are not the way to go.

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[–] 1 point 1 year ago (11 children)

I can currently find a bunch of used, decent Toyota corollas in the 7-10k price range. Liability insurance should be like $50/month.

Your estimates seem quite high to me.

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  • [–] 1 point 1 year ago (4 children)

    $50 a month where? People here spin signs saying $30/month insurance but that is not insurance. Actual liability coverage here is hundreds a month. $200 would be low.

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  • [–] 1 point 1 year ago* (3 children)

    Oh, I just checked and I was wrong. I pay $61/month to Progressive for liability on a >20 year old small pickup truck in California. $100k per person, $300k per accident, in case I crash into a pile of Ferraris or something.

    The liability is $50/month but uninsured motorist insurance is most of that additional $11.

    I'm paying for insurance in case I get hit by someone who doesn't have insurance? Ridiculous.

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  • [–] 1 point 1 year ago (2 children)

    Our uninsured motorist is almost 1k every 6 months, plus bodily injury even more, the property damage coverage is not as expensive as the people damage insurance (which makes sense). It's like a vicious circle - insurance is high for uninsured but then as it costs more, more people get uninsured.

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  • [–] 1 point 1 year ago (1 child)

    Wow, that's expensive. I'm a cheap ass. I've always had cheap, old Toyotas.

    I can see how it's nice to have a more modern car but I just can't justify all the expenses. I'd rather retire sooner.

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  • [–] 2 points 1 year ago*

    Yeah if I can keep the 2014 Honda going I will. Was going to keep its predecessor, the Civic but someone ran me into a phone pole and totalled it, in 2014.

    Partly because it's manual and that's hard to find now, but I love it and it's paid off and I don't drive a lot.

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  • [+] 1 point 1 year ago (2 children)
    [deleted]
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  • [–] 2 points 1 year ago* (1 child)

    Even about 25 years ago, $1000 would get you a car without major cosmetic damage but it'd have a couple hundred thousand miles on it. You can still get that for around $3k today. I see them on craigslist right now. Where I live, minimum wage has increased 2.5x since then.

    There's your beater for roughly the same number of minimum wage hours worked.

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  • [–] 2 points 1 year ago (2 children)

    I have no.accidents and I pay triple that for legal minimum liability

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