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[–] 22 points 1 month ago (8 children)

I haven't bought a car in almost 10 years. But, there's this guy saying he has a lot full of used cars, $2500 to $4000. And, he says people are calling to ask if they can finance that small amount, whereas they used to just pay cash:

https://youtu.be/mdOOAxf7Cb4

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  • [–] 3 points 1 month ago (7 children)
  • [–] 25 points 1 month ago (6 children)

    In the context of prices of cars it is indeed a rather small amount.

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  • [–] 1 point 1 month ago (5 children)

    And yet it’s still 2 months of median income in the US.

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  • [–] 2 points 1 month ago* (last edited 1 month ago) (3 children)

    The median income for an individual in the US is $3761 $4280/month.

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