re: I can’t help but think a lot of people driving newer cars with upside down loans

I drive my 2011 taco daily. Paid off. I get 800 a month truck allowance so they are paying for my new truck and I only use it sparingly to keep miles low in case I want to get rid of it. Owe 22k on it still.

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I'm still driving daily my 2009 Tacoma with 130k miles. Only cost is Oil Changes, Tires recently and a set of brake pads. I'll drive it another 10 years I'm sure.

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still driving my 2014 tundra with 150k miles. plan to drive it another 3 years before passing to my oldest son.

i just buy my wife a really nice car every 4 or 5 years.

we are blessed and can afford it no problem, but yea its crazy how sales have not fallen like crazy. mind blowing really. My friends in the business are telling me its upticked if anything and people getting 8% quoted routinely which is crazy

i used to be on here telling people they were dumb for not financing for as long and as little down as possible when rates were below 3%. essentially it was free money when you factored in inflation but man these new rates...crazy