Flexcar
76 posts
Flexcar
@flexcar
The first and only month-to-month car lease.
Weeks of income needed to purchase a new car: 2019: 33 weeks 2020: 34 weeks 2023: 42 weeks (!) The current state of new car affordability, in a nut-shell. (via Cox Auto)
The following were nominated for the NMPA's Q3 @PoconoRaceway Spirit Award: @Bandimere @GregVanAlst35 @shanevg97 Julie Giese @JimmieJohnson @Alex_Bowman @ryanellisracing @IsabellaRobusto @darin_mock @GioScelzi, @bradsweetracing, @spencerbayston, & the @knoxvilleraces Safety Team
We thought we’d get flying cars. Instead, car payments are so high that AutoNation just introduced 6 to 12 month “Micro Leases”. 🥲
Under-discussed but auto loan rates on New cars are *still* rising. We set a new multi-decade record high in July: 9.17% APR. If you take out a $50K auto loan today (vs 18 mths ago), you’ll be on the hook for ~$7K more in interest expense over the life of a 5-year loan… Wild.
