Record number of defaults on auto loans - Toyota Yaris Forums

KALISPEL II · 03-14-2019, 04:25 PM

Most people seem to need a $30-50K new vehicle in order to fit their ego comfortably - and are willing to drown in debt & interest-charges for that ego comfort. Same with their credit cards likely. I personally prefer to be 100% debt free & not paying interest charges to anyone, outside of a reasonable, modest house mortgage perhaps (or auto loan less than $15K over 36-48 months maximum). Better yet, get 1.5 to 5% cash back on your credit cards each month by charging everything possible that you normally would purchase each month & paying it all off each monthly statement cycle.

03-14-2019, 04:25 PM	#23
KALISPEL II View User's Garage Drives: '22 Mazda CX-30 CE AWD 6-AT Join Date: Feb 2019 Location: American Dystopia Posts: 158	Most people seem to need a $30-50K new vehicle in order to fit their ego comfortably - and are willing to drown in debt & interest-charges for that ego comfort. Same with their credit cards likely. I personally prefer to be 100% debt free & not paying interest charges to anyone, outside of a reasonable, modest house mortgage perhaps (or auto loan less than $15K over 36-48 months maximum). Better yet, get 1.5 to 5% cash back on your credit cards each month by charging everything possible that you normally would purchase each month & paying it all off each monthly statement cycle. __________________ 2015 Toyota Yaris SE Hatchback, Super-White, 5-Speed Manual (August 2015 to August 2019) 2020 Toyota Corolla SE Sedan, Super-White, 6-Speed Manual (August 2019 to February 2022) 2022 Mazda CX-30 AWD Carbon Edition (CE), 6 Speed Automatic (February 2022 to ???) Last edited by KALISPEL II; 03-14-2019 at 04:40 PM.