Is it any worse than paying $650 literally every month (avg car loan payment now afaict)?
The problem is that people can't save. It'd be prudent to buy the car for $2k and save the remaining $3k somewhere to cover repairs instead of the 5k down payment.
Also, to be fair, what used to be a $2k Toyota was probably more like $5+k lately.
The problem is that people can't save. It'd be prudent to buy the car for $2k and save the remaining $3k somewhere to cover repairs instead of the 5k down payment.
Also, to be fair, what used to be a $2k Toyota was probably more like $5+k lately.