this post was submitted on 27 Oct 2025
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[–] DupaCycki@lemmy.world 22 points 4 days ago (3 children)

Why would anyone take two loans to buy two cars? Is this normal in America?

[–] Blackmist@feddit.uk 12 points 4 days ago (1 children)

Car loans are depressingly common. It's like normal people haven't heard of second hand vehicles.

Two loans is pants on head territory though, even for the US.

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[–] Timecircleline@sh.itjust.works 10 points 4 days ago (3 children)

Many new vehicles are financed, it's why most ads here (Canada) will give you the biweekly price. Annoyingly, when you do go to a dealer, they are usually able to give a better deal when you finance compared to if you buy outright. The nice thing is though legally we can't be penalized for paying it down early, so there's nothing to stop you from financing and then paying it off.

Car payments are a pretty common thing, $1400 monthly in car payments not so much.

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[–] Bluewing@lemmy.world 5 points 4 days ago

No, it's not. At least for less than multi-millionaires with 10+ figures of income a year. And most banks are smart enough to not lend people that kind of money for more than one showy vehicle like that. Banks understand the depreciation involved.

[–] sploosh@lemmy.world 15 points 4 days ago

Level 7 susceptible in real life.

[–] Skarklette@lemmy.world 46 points 4 days ago (1 children)

everyone who buys one should be buying two, they are very social creatures and can get depressed if they don't have a friend

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[–] Poayjay@lemmy.world 121 points 5 days ago* (last edited 5 days ago) (5 children)

Food $200

Data $150

Rent $800

Candles $3,600

Utility $150

someone who is good at the economy please help me budget this. my family is dying

[–] Rhynoplaz@lemmy.world 42 points 5 days ago (2 children)

I was able to reduce my candle expenses by 10% by switching to unscented candles!

[–] manxu@piefed.social 24 points 5 days ago

Are they unscented or are you just having COVID-19??? :-/

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[–] ICastFist@programming.dev 18 points 5 days ago

Have you tried, I don't know, buying less food?

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[–] redlemace@lemmy.world 129 points 5 days ago* (last edited 5 days ago) (3 children)

So $3300 a month just for having two tesla's? And other debts too? I wonder what debts, since you prioritize the tesla's over them.

Did you skip economics class or did you miss education in general? That this is unsustainable must have been crystal clear long ago

[–] scrubbles@poptalk.scrubbles.tech 71 points 5 days ago* (last edited 5 days ago) (6 children)

Yeah this is less annoying Tesla and more real sad American economics. We aren't taught how to manage debt, and this poor fool has ruined at least the next decade because he wanted two new shiny things and the bank said sure.

In 2008 the banks were to blame for sure for giving out bad debt and then gambling on it, but for me it showed how financially illiterate so many Americans are. The simple difference of seeing what the bank says you can borrow, vs what you should borrow are very very very different things.

[–] jjjalljs@ttrpg.network 25 points 5 days ago (5 children)

We aren’t taught how to manage debt,

Do people need to explicitly be taught "You bring home $5,000 after taxes. You spend $2000 on rent, $1000 on fixed bills, $1000 on semi-fixed expenses, and $500 on fun. Do not buy a thing that raises your fixed expenses by $2000"?

I guess so.

I mean, I think a lot about a guy I worked with years ago. He said as soon as he turned 18 he got a credit card and maxed it out. No plans to pay it. Just enjoyed having a new TV, clothes, xbox, shoes. And then he got in a lot of trouble, which should have surprised no one. But at least he was getting his life together, ten years after the fact. Though we haven't talked in years. I worry he's a trumper, despite him being hispanic.

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[–] badbytes@lemmy.world 25 points 4 days ago

IDK, have you tried sports betting?

[–] Hupf@feddit.org 25 points 4 days ago

my other debts

[–] RememberTheApollo_@lemmy.world 30 points 4 days ago (3 children)

$110k in two cars that aren’t even speciality cars. I mean, if one were a Porsche and the other some kind of Super Splat Pack Snakebite Gangrene Edition of an American muscle car I could see those prices, but at least with the latter two you’re paying for your ego and not Musk’s.

[–] ameancow@lemmy.world 24 points 4 days ago

I ate ramen for breakfast today.

I want these people off my planet entirely.

[–] kelseybcool@lemmy.world 10 points 4 days ago (1 children)

It's called the "Super Splat Pack ScorpionSting Gangrene Edition" and in 30 years it'll be worth almost exactly what I paid for it minus 90% depreciation thank you very much

[–] SaveTheTuaHawk@lemmy.ca 4 points 3 days ago

NO LOWBALLERS...I KNOW WHAT I GOT.

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[–] Blaster_M@lemmy.world 90 points 5 days ago (5 children)
[–] okwhateverdude@lemmy.world 31 points 5 days ago

Jesus fuckin christ, so many layers of memes!

[–] snooggums@piefed.world 22 points 5 days ago* (last edited 5 days ago)

J. Jonah Jameson, laughing maniacally.

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[–] Bronzebeard@lemmy.zip 74 points 5 days ago (7 children)

This dude is paying >50% more on fucking car payments than I do on my mortgage, on top of other debts. Who is lending these people money? Like I make okay money, but I'm still driving a 13 year old vehicle and not feeling like I'm in a position to take on a car payment in this economy.

[–] blattrules@lemmy.world 24 points 5 days ago

I think people who shouldn’t are just taking higher interest loans that the dealerships are pushing on them because they are higher risk. They want status symbols and are too dumb to realize they can’t afford them. The car dealer pushes it through because there’s not really any risk for them.

I heard they’re doing ten year loans now for some cars that are around $100k, so I think people are falling for that, then wanting the next new thing and rolling the negative equity into their next one.

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[–] SenorSnod@feddit.org 18 points 4 days ago

Next post will be: hey is it okay to smoke fentanyl? That slightly deranged guy from the neighbourtent said its fun?

[–] Crashumbc@lemmy.world 59 points 5 days ago (1 children)

This isn't a cybertruck or Tesla issue. This is a stupidity issue.

[–] edgarde@lemmy.world 36 points 5 days ago (3 children)

But they're posting to Cybertruck Owners Only in order to hear from someone with good judgement.

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[–] boonhet@sopuli.xyz 28 points 5 days ago* (last edited 5 days ago) (4 children)

Okay, I'm going to leave aside the fact that he's got two Teslas, which I hate with a passion.

He literally said he's about even on the Kampfwagen.

The model Y is, for all intents and purposes, all the car anyone really needs (if he NEEDED a truck, he'd have a real truck). He's upside down on it, sure, but there's nothing to do about that unless he can pay off extra. However, he can keep making the payments and just driving it. It should still have several years of battery and drivetrain warranty unless Tesla's is shorter than the industry standard 8 years.

Sell the fucking Panzer and drive the Y until you've managed to pay off your stupid debt, numbnuts. I WISH my debt problem was that easy. My ex put me deeeeeep into 5 digits of debt with constant manipulation (it started off with her getting pregnant "on the pill" so she could start threatening me with never seeing the baby if I don't do the things she wants me to do) and I have NO assets to show for it. Nothing to sell. My car cost me under 2k. Now totals to around 3k with the registration, insurance, maintenance and repairs I've done. My only solace is that even after I get everything paid off, nobody's giving me a loan for another 5 years till the debt registry entries are cleared. I literally can't get into more debt anymore, other than the interest on old shit, which luckily is capped too.

[–] FlyingCircus@lemmy.world 21 points 4 days ago* (last edited 4 days ago) (4 children)

Except that CyberTruck owners are not allowed to resell for a certain number of years, according to their contract.

Edit: Apparently the contract was only for one year, and it has since been discontinued.

[–] SaveTheTuaHawk@lemmy.ca 11 points 4 days ago (1 children)

it was one year, and this was removed because it turns out speculating and flipping the Cybertruck was not a thing.

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[–] boonhet@sopuli.xyz 8 points 4 days ago (2 children)

Wait, for real?

That's super fucked, I could NOT in good conscience enter that agreement even if I wanted one.

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[–] BonesOfTheMoon@lemmy.world 8 points 4 days ago (9 children)

As someone whose ex rocketed them into debt because they're a vicious narcissist, I feel you and I'm sorry.

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[–] Wispy2891@lemmy.world 33 points 5 days ago (6 children)

He has TWO luxury cars and then he's "scraping by for too long"?

Why did you finance two luxury cars when you need only a means of transportation?

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[–] mavu@discuss.tchncs.de 18 points 4 days ago

Conmen have a name for people like him, it's called "a mark".

[–] titanicx@lemmy.zip 43 points 5 days ago (3 children)

But there is only one cyber truck....

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[–] Rentlar@lemmy.ca 20 points 4 days ago

Buddy gives twice as much cash to their auto loans and insurance than the median household pays in taxes.

[–] BarneyPiccolo@lemmy.today 6 points 3 days ago

This guy is ripe for someone to take those two SwastiKKKars off his hands in trade for a 2011 Ford Taurus with 235k miles, and stick him with $100k in payments, and he'll think he got a good deal.

All you have to is tell him you're a MAGA, and you're going to give him the kind of deal you save for MAGAs. The Libz don't get these kinds of deals.

[–] chemicalprophet@slrpnk.net 7 points 4 days ago

I’ll tell you what you can’t do: rub two wits together

[–] Tattorack@lemmy.world 17 points 5 days ago (7 children)

1400 USD is about 8900 DKK.

This person spends more money on his cars per month than my rent. And he's complaining about being stuck in a financial bind.

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[–] Jackusflackus@lemmy.world 37 points 5 days ago

Uh, looks like 1 cyber truck and 1 model Y. Still appropriate for debt ridiculousness.

[–] manxu@piefed.social 29 points 5 days ago

I checked KBB and indeed the Cybertruck sells for around $72k in the condition stated.

You guys say he is a moron, but the rest of the Cybertruck buyers that would pay that kind of money for a used CT is just as dumb.

[–] Treczoks@lemmy.world 32 points 5 days ago (2 children)

Going into debt to buy not only one, but two teslas? I'll call it bad investment.

[–] FireWire400@lemmy.world 21 points 5 days ago* (last edited 5 days ago) (4 children)

You never know, maybe they'll become classics in the future holds back laughter

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[–] mad_lentil@lemmy.ca 9 points 4 days ago

Is this bait?

[–] Brutticus@midwest.social 26 points 5 days ago

This is like that meme where its like, normal debt normal debt 8000 dollars a month on magic cards or whatever, help me my family is starving

[–] Ilovethebomb@sh.itjust.works 18 points 5 days ago (7 children)

Selling the Cybertruck and keeping the Y would be the wise option.

How is the Y the one he's upside down on?

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