Why the $25,000 car is going extinct

Re:Why the $25,000 car is going extinct by philwelch on Monday June 30, 2025 @02:23AM (#44420068)

My wife and I are millennials and we paid off our student loans within a couple years once I started my career. I don’t even remember if it was before or after we got married and we’ve been married for over a decade now. Maybe we’re fortunate but I can’t imagine still having a monthly student loan payment.

Of course I also absolutely hated being in debt and having a monthly payment to begin with so I made it a priority to solve that problem asap. Likewise, I have always paid cash for every car I’ve bought. My only never-ending monthly payment is my mortgage and the alternative to that is paying rent which I like even less.

Fundamentally it’s a mindset thing. I also don’t buy taxi rides for my Chipotle orders.

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Re:Why the $25,000 car is going extinct by climb_stealth on Monday June 30, 2025 @04:16AM (#44420743)

I have a very similar mindset, but, man, mortgages hurt. At least when paying rent the money goes towards a real person. With a mortgage such a big chunk of the payment is the interest that just goes to this faceless entity that is the bank.

How does it not bother you? :)

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Re:Why the $25,000 car is going extinct by philwelch on Monday June 30, 2025 @11:22AM (#44424437)

Most of my landlords were faceless entities too. Obviously I’d rather the house be paid off but I didn’t have $300,000 in cash and I have to live somewhere.

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Re:Why the $25,000 car is going extinct by climb_stealth on Monday June 30, 2025 @07:37PM (#44429083)

Yep okay, fair enough!

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