The New American Wealth Killer

Words I like: I’m betting on myself because my worst case scenario is most peoples everyday life

Pablo’s Perspective:

The average new car costs nearly $50K.
Monthly payments? Over $745.
And people are falling behind fast—repos are back at 2008 levels.

So what happened?

• Car loans got wild. 85% of new cars and 55% of used cars are bought on debt.

• Dealers now make more profit from the loan than the car.

• Subprime buyers are getting 20%+ interest rates… with zero income verification.

  Oh—and 39% of buyers are already underwater on their car.

Used cars? Still expensive.

New cars? Up $12K from a few years ago.
Tariffs could add $2K–$6K more, even on American brands.

People are taking out 8-year loans on depreciating assets, just to keep the monthly payment manageable. But over time, they’re bleeding equity and locking themselves into debt cycles that are hard to escape.

Moral of the story:
Your car might be killing your wealth.
Negotiate everything. Shop the loan.
Don’t chase luxury if your finances say Uber.

What’s your car payment look like? Honest answers only 👇

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Pablo,