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“These repossessions are occurring on people who could afford that $500 or $600 a month payment two years ago, but now everything else in their life is more expensive,” said Ivan Drury, director of insights at car buying website Edmunds. “That’s where we’re starting to see the repossessions happen because it’s just everything else starting to pin you down.”

If you're spending more on rent, gas, and food then sure 500 a month is a lot of car payment for some people.

Myself, I've been waiting for this moment. I'll be in the market for a nicely priced low mileage used vehicle.

https://archive.vn/jZz4i

>“These repossessions are occurring on people who could afford that $500 or $600 a month payment two years ago, but now everything else in their life is more expensive,” said Ivan Drury, director of insights at car buying website Edmunds. “That’s where we’re starting to see the repossessions happen because it’s just everything else starting to pin you down.” If you're spending more on rent, gas, and food then sure 500 a month is a lot of car payment for some people. Myself, I've been waiting for this moment. I'll be in the market for a nicely priced low mileage used vehicle. https://archive.vn/jZz4i

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[–] • 2 pts

I bought a mid 2000s Toyota pickup for $8000 cash at a dealership this summer. I put a couple grand into her to tweak a few things and she runs great. Not winning a beauty pageant, but gets the job done.

[–] • 2 pts

You got a relatively good deal sounds like. I did a quick search and around me and early 2000s Tacomas with 200k miles or more are selling for at least 10k.