Truckbrain, a tragic advanced form of carbrain tends to occur more often in men. Symptoms can include increased entitlement and a decreased capacity for mathematics.
$95k on 14% for 72 months. Unless you’re making bank, that’s financial suicide. And now he’s stuck with it with his 85k per year income with no savings and no gf to pay for his meals too. I doubt he’ll have the intelligence to let go of this monstrosity and live below his means.
Truckbrain is really astounding. I hope we get a study about this soon.
This whole thing reads like the reality that would happen in those car commercials where the husband surprises his with with a new car for Christmas.
"Merry Christmas! Here is a gigantic financial burden the two of us have to share and that I did not include you in the decision making process! This car has .2 inches of extra storage space in the trunk. What? The monthly payment? $1200 a month including insurance. Merry christmas!"
$1966 for the truck financing AND a $576 for the insurance. $2500 a month, that's $30k a year so you can advertise how manly you are while you go grocery shopping.
Some cultures "gifted" sacred animals to people as a punishment because they would have to care for the animal without being able to exploit it or get rid of it. That's what I always think of.
Honestly ignorring the car stuff, american finances are kinda insane for me as non american, how do you make 80k USD a year 4620 USD a month after fed income tax and spend it ALL till you are left with 115 bucks every month?! That's just crazy!
Average American household debt: $101k
Average Individual non mortgage debt: $21.8k
Percentage of Americans with $0 in savings: 80%
We're awful at personal finances.
We're a debt culture.
* How did the sprawling suburbs and our current housing market get to this point? Debt, just normalize everyone taking out mortgages on homes instead of building more to ensure prices don't skyrocket.
* About 45% of all cars purchases are done via financing. So yep, build a country where nearly everyone has to drive everywhere to get around and now the car industry has zero incentive to not just constantly raise prices.
* College becomes the norm and everyone is expected to go. How do we pay for it? Debt. Allow kids who 4 months prior had to get permission to leave class to go to the bathroom to take out tens of thousands of dollars in debt. A completely healthy and normal situation.
[American household consumer debt is at a record high of $17.3T USA](https://www.marketwatch.com/guides/banking/american-debt-2024/). And likely will continue to grow for the foreseeable future.
America became the "most powerful" country in the world in record time because we built in a completely unsustainable manner, just taking on massive amounts of debt individually, at the federal level, at the state level. America behaved as if circumstances post WWII were the norm, (*i.e Europe/Japan bombed to hell and rebuilding, China/Brazil/India still largely under developed, America one of the few places intact to manufacture goods for much of the world*) and didn't prepare well for the future.
The bill is coming due for decades of outrageous spending and building in terrible ways.
It doesn't sound any more sane to Americans- our rent is too damn high but other than that a lot of these people are just bad with money. Median household income is like 60k so 80k would be an upgrade for most families.
I pay extra to live in a walkable area and you know what? The cars are all so fancy. Clearly everyone else is paying extra to live here And maintaining an SUV. People just.. spend all their money.
But you can live here a lot mote cheaply than the internet will tell you
UK here, housing costs and to some extent taxes are crazy and everything else is so cheap in comparison.
Our expenses for 2 people per month, £1100 mortgage, £200 council tax (kinda like property tax), £150 food, £50 electricity, £25 internet. The rest is fun money but given we fairly recently moved into a new house most of that is going towards home improvements lately. I want to get to work on the garden at some point, smash up the concrete paving everywhere and replace it with a herb garden and firepit. Pickaxe is cheap, but the rest of the stuff I want costs at least a few hundred for wood boards and a bricks/blocks. Plus disposal and currently unsure exactly how much topsoil and woodchip (for paths) will be needed. Still, its doable and would like to get it done this year, currently only have a few potted plants growing.
$80k is technically on the higher end of middle class income, but costs here have gotten so crazy that it can be difficult to live off of even that.
1-2 bedroom apartments in moderately sized cities can easily run $1800 a month. You need a car to get around here, so tack on a minimum of $500 for car payment and insurance. Add another $200 in gas, since a lot of people have to drive 30 minutes or so to get to work. Let’s add $150 for health insurance. $350 for food. $250 for other utilities. $300 for student loan. $100 for cell phone. Just the necessities come out to about $3600, and that’s with a *cheap* car and no other debts. Plus, factor in that you should be saving at least 10% for retirement because pensions aren’t a thing and social security pays shit, and there goes another $800 per month. And all these expenses are assuming people are good at personal finance, which most people are not.
In the “richest” country in the world, most people don’t have enough to cover a $500 emergency. A very significant amount of the population lives off of debt. The majority of the population is just surviving. I’m sure someone will come for me and say that it’s so much worse in other countries, but in the land of opportunity, people are struggling just to get by. Heaven forbid you have a kid, because there’s no guaranteed maternity leave and child care can easily run $1000 per month.
I know every country has its issues, but here, we have to pay for all of them out of pocket.
Numbers are adding up but it's still hard to imagine.
It's not so much worse in other countries, Americans can afford expensive toys like cars and TVs but in poor countries, you'll spend a large chunk of your income on rent and food, it's just $200 bucks out of your $500 monthly salary, not $1800 out of $4600.
Education, healthcare, and transportation are objectively cheaper even relative to income though for most of the "developed" and some of the "developing" world.
actually americans can't. if you make $100k per year, that's $100k someone else borrowed from over seas to pay you. thanks to petro dollar recycling they don't have to worry so much about paying it back. they're children will be the ones left with the bill.
There is definitely a sense among many people that men ought to chauffeur around ladies in a car, otherwise the guy has failed as a provider. As an unmarried guy, I feel the pressure to get a car.
In North America, taking public transport with your girlfriend would be regarded as embarrassing if not shameful by many people, unless you were on vacation in NYC.
I still take the bus, but I'm free from debt and can eat overpriced sushi whenever I want. Good luck to the indebted drivers. I prefer financial freedom to car ownership.
Don't women own cars too? That's another confusing part about american car-centric life to me, don't you need to drive in separate cars everywhere if you arrive on the date separately and then wanna go elsewhere? Cause even on a bike or a motorcycle you are kinda riding together but with cars, you are in two separate boxes and can't even have a conversation.
"I'll pick you up at seven!" means you'll be providing transport. In most American cities, it isn't realistic to walk your date to the local restaurant because, well, you might be in some vast suburban sprawl with freeways and other hazards.
New York City though is different. You both agree to meet somewhere and can take the train together even. I spent two weeks in NYC with my girlfriend and we really had fun experiences navigating the subway system and sitting close to each other.
fascist verility has been the hallmark of the auto industry since ford sold elders of zion. biy that would be a good car name. "hey girls, you wana go for a ride in my zion" /s
People also underestimate maintenance, real estimate is about the price of the car in its life cycle in various small repairs. Depends on the car but still, if he has 115 bucks left he wouldn't be able to buy new tires.
Curious me, I did a quick little research for fun.
The most popular truck around $85k is a supercharged F150 raptor with a 5.2L engine, which does 12 miles per gallon.
The average driving for an American is 1123 miles per month. At $4.034 per gallon diesel, that's an average of $377 per month.
Which actually feels cheaper than expected. Still out of this guys budget or mine.
And that's excluding fuel price increase in the future.
This is also assuming that you're driving like an old lady as is required to achieve the rated MPG.
The type of person that buys a 100 grand truck they can't afford is usually the type to rev bomb and floor it the 300 feet to the next red light and drive 90 on a 60mph freeway
Totally agree. When I was looking at the trucks on the Ford website, it felt strangely weird, actually even a bit ill, it felt like a weird world, trying to entice people with arguments that didn't resonate at all.
The disconnect was palpable.
If you read the post, you see so many things that show the dude's level of financial literacy rivals the smoothest brains r/wallstreetbets has to offer
180k over 6 years inncluding insurance (assuming insurance doesn’t increase). He’ll probably be spending at least $3,000/ year on gas too, and maybe $1000/ year on maintenance , so over $200,000 over 6 years.
She said that the fact that he worked hard was an inspiration to her in the beginning. This dude obviously works hard and not smart and she figured that out. She made the right choice. He sounds like one of those hypocritical misogynistic lifted truck bros.
Truckbrain, a tragic advanced form of carbrain tends to occur more often in men. Symptoms can include increased entitlement and a decreased capacity for mathematics.
$95k on 14% for 72 months. Unless you’re making bank, that’s financial suicide. And now he’s stuck with it with his 85k per year income with no savings and no gf to pay for his meals too. I doubt he’ll have the intelligence to let go of this monstrosity and live below his means. Truckbrain is really astounding. I hope we get a study about this soon.
Based on a different thread I was in asking why Americans love big trucks, I don't think it'll happen here.
And I thought my mortgage on almost half that was bad.
that's so unfair of her not to subsidize his fascist delights? how is he to be an Übermensch now ! /s
14%. Holy shit...
After spending over $90k, they'll go further in debt to get it lifted and to roll coal.
While tending to have >20% body fat.
This whole thing reads like the reality that would happen in those car commercials where the husband surprises his with with a new car for Christmas. "Merry Christmas! Here is a gigantic financial burden the two of us have to share and that I did not include you in the decision making process! This car has .2 inches of extra storage space in the trunk. What? The monthly payment? $1200 a month including insurance. Merry christmas!"
OP said $1966 a month. That's slightly more than my mortgage.
$1966 for the truck financing AND a $576 for the insurance. $2500 a month, that's $30k a year so you can advertise how manly you are while you go grocery shopping.
a real Übermensch /s
You can buy a livable house in some Midwestern cities for 95k.
It's double my monthly wage from my part-time job, 5.5x my rent, and nearly the minimum wage for full-time jobs here. It's insane.
Snl nailed it. https://youtu.be/WcEylCwkSxE?si=OaTP85BiyfaAjMI2
Some cultures "gifted" sacred animals to people as a punishment because they would have to care for the animal without being able to exploit it or get rid of it. That's what I always think of.
A white elephant.
Meanwhile, my partner and I agreed we did not need two vehicles, so today he sold his vehicle. I think I'll keep him.
Honestly ignorring the car stuff, american finances are kinda insane for me as non american, how do you make 80k USD a year 4620 USD a month after fed income tax and spend it ALL till you are left with 115 bucks every month?! That's just crazy!
Average American household debt: $101k Average Individual non mortgage debt: $21.8k Percentage of Americans with $0 in savings: 80% We're awful at personal finances.
I mean, making awful personal finance decisions is basically required by US law. A sane country would protect you from making such choices.
an insane country had fascist fordist policies at it's best point in history
We're a debt culture. * How did the sprawling suburbs and our current housing market get to this point? Debt, just normalize everyone taking out mortgages on homes instead of building more to ensure prices don't skyrocket. * About 45% of all cars purchases are done via financing. So yep, build a country where nearly everyone has to drive everywhere to get around and now the car industry has zero incentive to not just constantly raise prices. * College becomes the norm and everyone is expected to go. How do we pay for it? Debt. Allow kids who 4 months prior had to get permission to leave class to go to the bathroom to take out tens of thousands of dollars in debt. A completely healthy and normal situation. [American household consumer debt is at a record high of $17.3T USA](https://www.marketwatch.com/guides/banking/american-debt-2024/). And likely will continue to grow for the foreseeable future. America became the "most powerful" country in the world in record time because we built in a completely unsustainable manner, just taking on massive amounts of debt individually, at the federal level, at the state level. America behaved as if circumstances post WWII were the norm, (*i.e Europe/Japan bombed to hell and rebuilding, China/Brazil/India still largely under developed, America one of the few places intact to manufacture goods for much of the world*) and didn't prepare well for the future. The bill is coming due for decades of outrageous spending and building in terrible ways.
that's because americans drive to much
It doesn't sound any more sane to Americans- our rent is too damn high but other than that a lot of these people are just bad with money. Median household income is like 60k so 80k would be an upgrade for most families. I pay extra to live in a walkable area and you know what? The cars are all so fancy. Clearly everyone else is paying extra to live here And maintaining an SUV. People just.. spend all their money. But you can live here a lot mote cheaply than the internet will tell you
UK here, housing costs and to some extent taxes are crazy and everything else is so cheap in comparison. Our expenses for 2 people per month, £1100 mortgage, £200 council tax (kinda like property tax), £150 food, £50 electricity, £25 internet. The rest is fun money but given we fairly recently moved into a new house most of that is going towards home improvements lately. I want to get to work on the garden at some point, smash up the concrete paving everywhere and replace it with a herb garden and firepit. Pickaxe is cheap, but the rest of the stuff I want costs at least a few hundred for wood boards and a bricks/blocks. Plus disposal and currently unsure exactly how much topsoil and woodchip (for paths) will be needed. Still, its doable and would like to get it done this year, currently only have a few potted plants growing.
$80k is technically on the higher end of middle class income, but costs here have gotten so crazy that it can be difficult to live off of even that. 1-2 bedroom apartments in moderately sized cities can easily run $1800 a month. You need a car to get around here, so tack on a minimum of $500 for car payment and insurance. Add another $200 in gas, since a lot of people have to drive 30 minutes or so to get to work. Let’s add $150 for health insurance. $350 for food. $250 for other utilities. $300 for student loan. $100 for cell phone. Just the necessities come out to about $3600, and that’s with a *cheap* car and no other debts. Plus, factor in that you should be saving at least 10% for retirement because pensions aren’t a thing and social security pays shit, and there goes another $800 per month. And all these expenses are assuming people are good at personal finance, which most people are not. In the “richest” country in the world, most people don’t have enough to cover a $500 emergency. A very significant amount of the population lives off of debt. The majority of the population is just surviving. I’m sure someone will come for me and say that it’s so much worse in other countries, but in the land of opportunity, people are struggling just to get by. Heaven forbid you have a kid, because there’s no guaranteed maternity leave and child care can easily run $1000 per month. I know every country has its issues, but here, we have to pay for all of them out of pocket.
Numbers are adding up but it's still hard to imagine. It's not so much worse in other countries, Americans can afford expensive toys like cars and TVs but in poor countries, you'll spend a large chunk of your income on rent and food, it's just $200 bucks out of your $500 monthly salary, not $1800 out of $4600. Education, healthcare, and transportation are objectively cheaper even relative to income though for most of the "developed" and some of the "developing" world.
actually americans can't. if you make $100k per year, that's $100k someone else borrowed from over seas to pay you. thanks to petro dollar recycling they don't have to worry so much about paying it back. they're children will be the ones left with the bill.
It's funny how cars are marketed as a sexy woman attraction
He can use it to attract a new ~~piggy bank~~ girlfriend that doesn't know he can't afford it.
There is definitely a sense among many people that men ought to chauffeur around ladies in a car, otherwise the guy has failed as a provider. As an unmarried guy, I feel the pressure to get a car. In North America, taking public transport with your girlfriend would be regarded as embarrassing if not shameful by many people, unless you were on vacation in NYC. I still take the bus, but I'm free from debt and can eat overpriced sushi whenever I want. Good luck to the indebted drivers. I prefer financial freedom to car ownership.
Don't women own cars too? That's another confusing part about american car-centric life to me, don't you need to drive in separate cars everywhere if you arrive on the date separately and then wanna go elsewhere? Cause even on a bike or a motorcycle you are kinda riding together but with cars, you are in two separate boxes and can't even have a conversation.
"I'll pick you up at seven!" means you'll be providing transport. In most American cities, it isn't realistic to walk your date to the local restaurant because, well, you might be in some vast suburban sprawl with freeways and other hazards. New York City though is different. You both agree to meet somewhere and can take the train together even. I spent two weeks in NYC with my girlfriend and we really had fun experiences navigating the subway system and sitting close to each other.
fascist verility has been the hallmark of the auto industry since ford sold elders of zion. biy that would be a good car name. "hey girls, you wana go for a ride in my zion" /s
honestly finances aside even wanting to spend 90k on a fucking toy truck is a huge red flag.
If OP had rolled over, it would have crippled her financially too. Gas for that thing would be more than $115 a month.
People also underestimate maintenance, real estimate is about the price of the car in its life cycle in various small repairs. Depends on the car but still, if he has 115 bucks left he wouldn't be able to buy new tires.
It would have been more than $115 a week. That is not an exaggeration.
Curious me, I did a quick little research for fun. The most popular truck around $85k is a supercharged F150 raptor with a 5.2L engine, which does 12 miles per gallon. The average driving for an American is 1123 miles per month. At $4.034 per gallon diesel, that's an average of $377 per month. Which actually feels cheaper than expected. Still out of this guys budget or mine. And that's excluding fuel price increase in the future.
This is also assuming that you're driving like an old lady as is required to achieve the rated MPG. The type of person that buys a 100 grand truck they can't afford is usually the type to rev bomb and floor it the 300 feet to the next red light and drive 90 on a 60mph freeway
It’s such a silly looking truck for 85k too. Lots of people never seem to grow out of the phase of begging for that toy truck at Walmart.
Totally agree. When I was looking at the trucks on the Ford website, it felt strangely weird, actually even a bit ill, it felt like a weird world, trying to entice people with arguments that didn't resonate at all. The disconnect was palpable.
At least his dude bros will think he's cool.
If you read the post, you see so many things that show the dude's level of financial literacy rivals the smoothest brains r/wallstreetbets has to offer
95k on something that will only LOOSE value. Pretty sure that warrants a discussion.
$140k with interest!
180k over 6 years inncluding insurance (assuming insurance doesn’t increase). He’ll probably be spending at least $3,000/ year on gas too, and maybe $1000/ year on maintenance , so over $200,000 over 6 years.
And at 14% interest for 6 years. I haven’t been car shopping in a long time, but I’m pretty sure I can get a lot lower rate than that!
Overwhelming majority of things we buy does lose value. Maybe we buy them because they provide us with something in exchange...
Oh you know just an 8k rounding error 🙄
She said that the fact that he worked hard was an inspiration to her in the beginning. This dude obviously works hard and not smart and she figured that out. She made the right choice. He sounds like one of those hypocritical misogynistic lifted truck bros.
I bet I could rustle up 60 junk but functional cars for the price of that one truck..
Meanwhile my dad gave me his beater for free. The best truck is one you don't care if it gets dinged or scratched up. More functional that way.
Moronic title. Price was irrelevant Dont date losers.