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Auto loans are terrible and I always pay them off as soon as I can, but they will never really be that big a threat because you CAN sell your car and buy a substantially cheaper one, in most cases. Sometimes you can sell your car and just use public transit or bike/walk.
Boy do I wish I could sell my college degree
I wish they would repo my degree...
Imagine being able to trade in your college degree for a newer model
I quit the career my major gave me after 7 years and now I'm doing something totally different... I won't say I regret it because my old industry is how I got the new industry connections to make them change but yeah.. I'm using none of what I learned.
Be careful about turning your hobbies into careers, kids! You just might start associating it with work stress and stop doing it entirely
Same. I use almost nothing that I learned. Engineering if you are curious.
Opposite for me. My degree is editing/motion graphics but my first job killed that passion pretty hard. Now I've got "engineer" in my title but I wish I went to school for mechanical engineering
Used cars literally cost more now than the 3/2 townhome I bought in 2012. I don't understand how most people survive in this economy.
When I was a kid auto loans would be for 2 years or 4 years maybe, now. They'll give you a 10-year loan on a car.
Interesting. But if everyone sells their car soon as the economy brings the pain then they won’t be able to sell their cars right?
People still need cars, usually. So people who owe $50k on a car can sell and buy a $20k car while people with $20k cars are selling to that person and buying a $5k car or whatever. People are in different ranges based on their situation with income and needs.
If you owe $50k on a car you deserve to drown in debt anyway lmao