Why would anyone take two loans to buy two cars? Is this normal in America?
this post was submitted on 27 Oct 2025
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Car loans are depressingly common. It's like normal people haven't heard of second hand vehicles.
Two loans is pants on head territory though, even for the US.
Car loans are depressingly common. It’s like normal people haven’t heard of second hand vehicles.
I have heard of them. That's why I take loans for secondhand cars.
Many new vehicles are financed, it's why most ads here (Canada) will give you the biweekly price. Annoyingly, when you do go to a dealer, they are usually able to give a better deal when you finance compared to if you buy outright. The nice thing is though legally we can't be penalized for paying it down early, so there's nothing to stop you from financing and then paying it off.
Car payments are a pretty common thing, $1400 monthly in car payments not so much.
they are usually able to give a better deal when you finance compared to if you buy outright.
Which is why I have not, nor will ever buy a new car in my life. Regardles of any "deal", you piss away 20% of value just driving it around the block.
I've purchased two cars new. Still own both of them.
One is a Chevy Sonic that is a reliable little stick-shift hatchback that was inexpensive when I bought it, and have used for over a decade. The design had hardly changed between years and was known to be reliable. It probably didn't drop in value nearly as much as most other cars - I admittedly wouldn't know because I've had no interest in selling it.
The other is a Toyota RAV4 plug-in hybrid, which essentially didn't exist used when I got it. They continue to be challenging to acquire. I wouldn't be surprised if I could sell it for more than I still owe on it, and I got it on a lease-to-own with zero interest (the dealership wants the opportunity to upsell me when the lease is over).
It's possible to buy new and not get screwed over. It's not common, though.
Agreed. The closest thing to "new" I've gotten is 2 years old after a lease has expired.
No, it's not. At least for less than multi-millionaires with 10+ figures of income a year. And most banks are smart enough to not lend people that kind of money for more than one showy vehicle like that. Banks understand the depreciation involved.
Level 7 susceptible in real life.
This guy is ripe for someone to take those two SwastiKKKars off his hands in trade for a 2011 Ford Taurus with 235k miles, and stick him with $100k in payments, and he'll think he got a good deal.
All you have to is tell him you're a MAGA, and you're going to give him the kind of deal you save for MAGAs. The Libz don't get these kinds of deals.
I’ll tell you what you can’t do: rub two wits together
So $3300 a month just for having two tesla's? And other debts too? I wonder what debts, since you prioritize the tesla's over them.
Did you skip economics class or did you miss education in general? That this is unsustainable must have been crystal clear long ago
Yeah this is less annoying Tesla and more real sad American economics. We aren't taught how to manage debt, and this poor fool has ruined at least the next decade because he wanted two new shiny things and the bank said sure.
In 2008 the banks were to blame for sure for giving out bad debt and then gambling on it, but for me it showed how financially illiterate so many Americans are. The simple difference of seeing what the bank says you can borrow, vs what you should borrow are very very very different things.
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Food $200
Data $150
Rent $800
Candles $3,600
Utility $150
someone who is good at the economy please help me budget this. my family is dying
I was able to reduce my candle expenses by 10% by switching to unscented candles!
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This dude is paying >50% more on fucking car payments than I do on my mortgage, on top of other debts. Who is lending these people money? Like I make okay money, but I'm still driving a 13 year old vehicle and not feeling like I'm in a position to take on a car payment in this economy.
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This isn't a cybertruck or Tesla issue. This is a stupidity issue.
But they're posting to Cybertruck Owners Only in order to hear from someone with good judgement.
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everyone who buys one should be buying two, they are very social creatures and can get depressed if they don't have a friend
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But there is only one cyber truck....
Whatever..they lease Mercedes and Land Rovers they cannot afford. They even call it "leasing" when it is renting.
Okay I don't think that was absolutely anything to do with the fact that OP space stated that there were two cyber trucks and that was crazy when there's only one cyber truck listed in the article as as if OP had half reading comprehension and then just trailed off. You have absolutely zero reading comprehension apparently because we're not talking about leasing or renting or anything else as far as my comment goes unless you meant to respond to someone else.
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Uh, looks like 1 cyber truck and 1 model Y. Still appropriate for debt ridiculousness.
He has TWO luxury cars and then he's "scraping by for too long"?
Why did you finance two luxury cars when you need only a means of transportation?
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Going into debt to buy not only one, but two teslas? I'll call it bad investment.
he needs a third so he has a better chance of having one that isn't in the shop.
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$110k in two cars that aren’t even speciality cars. I mean, if one were a Porsche and the other some kind of Super Splat Pack Snakebite Gangrene Edition of an American muscle car I could see those prices, but at least with the latter two you’re paying for your ego and not Musk’s.
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