this post was submitted on 01 Oct 2023
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[–] [email protected] 13 points 9 months ago (4 children)

Auto loans are terrible and I always pay them off as soon as I can, but they will never really be that big a threat because you CAN sell your car and buy a substantially cheaper one, in most cases. Sometimes you can sell your car and just use public transit or bike/walk.

[–] glimse 17 points 9 months ago (2 children)

Boy do I wish I could sell my college degree

[–] Happenchance 9 points 9 months ago

I wish they would repo my degree...

[–] [email protected] 3 points 9 months ago* (last edited 9 months ago) (1 children)

Imagine being able to trade in your college degree for a newer model

[–] glimse 2 points 9 months ago (1 children)

I quit the career my major gave me after 7 years and now I'm doing something totally different... I won't say I regret it because my old industry is how I got the new industry connections to make them change but yeah.. I'm using none of what I learned.

Be careful about turning your hobbies into careers, kids! You just might start associating it with work stress and stop doing it entirely

[–] afraid_of_zombies 0 points 9 months ago (1 children)

Same. I use almost nothing that I learned. Engineering if you are curious.

[–] glimse 1 points 9 months ago

Opposite for me. My degree is editing/motion graphics but my first job killed that passion pretty hard. Now I've got "engineer" in my title but I wish I went to school for mechanical engineering

[–] calypsopub 5 points 9 months ago

Used cars literally cost more now than the 3/2 townhome I bought in 2012. I don't understand how most people survive in this economy.

[–] EgonDhuman 3 points 9 months ago

When I was a kid auto loans would be for 2 years or 4 years maybe, now. They'll give you a 10-year loan on a car.

[–] [email protected] 2 points 9 months ago (1 children)

Interesting. But if everyone sells their car soon as the economy brings the pain then they won’t be able to sell their cars right?

[–] [email protected] 2 points 9 months ago (1 children)

People still need cars, usually. So people who owe $50k on a car can sell and buy a $20k car while people with $20k cars are selling to that person and buying a $5k car or whatever. People are in different ranges based on their situation with income and needs.

[–] PP_BOY_ 0 points 9 months ago

If you owe $50k on a car you deserve to drown in debt anyway lmao