@investedhq: Americans are paying $1,000 a month to drive cars they can barely afford 🚗 U.S. auto debt now sits near $1.7 trillion, and a record 1 in 5 new-car buyers are locked into payments of $1,000 or more per month. More than a quarter of new-car loans now stretch seven years or longer, up from about one in five a year ago. Borrowers aged 18 to 29 now post the highest serious delinquency rates of any age group. Meanwhile, the average car on U.S. roads is nearly 13 years old as drivers hold onto vehicles longer than ever. The car note has quietly become a second rent payment. And younger buyers are carrying the heaviest share of it. #AutoLoans #PersonalFinance #CarPayments #Economy #GenZ

️ :

580*287=166,460$

dannyboi :

Brooo that’s 24 years!!!

B1 :

166k not including interest....

F :

This is definitely illegal.

Yuphrum :

They'll be paying for that car long after its even drivable... That type of loan should be illegal

Fuzzy :

24 yrs of payment, and that shi is worthless in 5

Th3N0rthW3stK1d :

$166,460 total. That doesn’t include insurance, gas, licensing fees (tabs) etc.

Kanye East :

287 months = almost 24 YEARS

pieman7414 :

13 years in they stop paying and the bank comes to repo the scrap cube they turned it into lol

SKIP924 :

Ain’t a single bank gonna finance that car for almost 24 years!

dseca1 :

This is only possible in the US

Hamza_N☪️ :

$166.460 (24 years paying ) for a Mercedes C 300 🤣 🤣🤣🤣 a car that new… cost $48-50k (and that one in video is not new, it was used..pre owned..2-3years old car) 🤣🤣🤣

DarkAngel_1 :

I jumped on a calculator as well.

smartassrocker :

will be repo'd before the end of the year

nico lindfors :

Thats not the economys fault. You are willingly paying that for a new car until its 20years old rather than buying the 20year old car and have no loan

Emilijus Vitas :

I'm too european for this

N :

How can this be legal

angelkis826 :

who gets a car for 24 years ??? 5 years max

N :

how is this legal?! it makes no sense!!!

Gatlingclawz :

Does that include interest? 😳 166k

Haybro :

How many other people went directly to the Calculator after seeing this crap? $50,000 car they finance 580 for 287 months that’s 166,460 all in that’s $110,460 in interest hopefully it’s a brand new car not a used one if we did some basic math of an average of 20,000 miles a year for roughly 24 years they would need to get roughly 480,000 miles out of this thing

Isaac Gonzales :

mmmm3.14 :

13 YEARS

Tony :

pretty good deal, 580 to rent it for 4 months then default and have it taken back

Dan Prud :

here is me think I've made some bad financial decisions, apparently they weren't as bad as I thought 😅