New York Fed: Record 7 Million Americans Are 90 Days Behind On Car Payments

[nathanbforrest45]

My less than $15K car is 8 years old and paid for.

I have to admit I have a 2015 Hyundai Sonata that is not paid for yet. However my 1998 Jeep Wrangler is, my 2001 Suzuki GS500 motorcycle is and my 1979 AMF Sunbird 16 Sailboat is. I insure that my toys are never bought on credit. If I don't have the cash, I don't get another toy. Besides, that means if all goes to hell in a handbasket I can still keep my toys!!

[Captdon]

My less than $15K car is 8 years old and paid for.

My 13 year old car is paid for.
My 17 year old van is also paid for.
What am I doing wrong?

[DGUtley]

My less than $15K car is 8 years old and paid for.

My 08, 13, 15 and 18 are all paid for.
Mrs. U's 18 Mercedes Convertible is leased.

[nathanbforrest45]

My 13 year old car is paid for.
My 17 year old van is also paid for.
What am I doing wrong?

I do think that a newer car is a must given the high cost of repairs these days. When replacing a water pump can set you back close to $1000.00 having a car under warranty is definitely worth considering.

[Safety]

Wow, it sure seems that some, if not all, liberals relish hearing that Americans may be struggling for unknown reasons. There are many reasons people may be behind in their car payments, if this is even true, but the first reaction of the Gang of Four is to blame President Trump and laugh about it.

Disgusting and vile creatures they are.

The 800k that suffered during the shutdown, while you and your ilk relished in their plight, smile at your comment...

[DGUtley]

I do think that a newer car is a must given the high cost of repairs these days. When replacing a water pump can set you back close to $1000.00 having a car under warranty is definitely worth considering.

I think that as long as I'm putting less than a $1000 a year that I'm ahead of the game. I drive the 08 as my daily driver. It's an Avalon and I drive all over Ohio for court. I got it in 08 when P1 started college and said I'd keep it til the kids were done. P2 has a year and a half to go. I drive the 18 Tacoma when the weather is bad (as in today).

[The Xl]

Not that people shouldn't be responsible, but all this "debt" is a fraud, as is fractional reserve banking, and all of these loans are conjured out of thin air, nothing more than legal counterfeit.

[MisterVeritis]

I have to admit I have a 2015 Hyundai Sonata that is not paid for yet. However my 1998 Jeep Wrangler is, my 2001 Suzuki GS500 motorcycle is and my 1979 AMF Sunbird 16 Sailboat is. I insure that my toys are never bought on credit. If I don't have the cash, I don't get another toy. Besides, that means if all goes to hell in a handbasket I can still keep my toys!!

The difference between us is what I did with the additional money. My priority was to build wealth.

[MisterVeritis]

My 13 year old car is paid for.
My 17 year old van is also paid for.
What am I doing wrong?

You are being responsible.

I do have a weakness. Every other year I buy a top of the line games machine. But that is 5K or less out of pocket.

[MisterVeritis]

The 800k that suffered during the shutdown, while you and your ilk relished in their plight, smile at your comment...

On the other hand, the 300 million of us who enjoyed the shutdown think we should have more of them.