How Car Payments Keep You Broke (The Trap Nobody Explains)
Автор: Carlo's Wealth Lab
Загружено: 2025-12-27
Просмотров: 32
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Have you ever seen your car payment hit your bank app and thought, “Why does this feel like a second rent?”
You’re not imagining it. Recent data shows average payments around $748/month for new cars and $532/month for used cars — and nearly 1 in 5 financed new-car buyers have been committing to $1,000+ monthly payments.
In this video, I break down how people get pulled into:
longer and longer loan terms
the “0% financing” illusion
the trade-in treadmill (rolling negative equity)
hidden costs: insurance, fuel, maintenance
and the identity/status trap that keeps the payment alive for years
If you want more brutally honest money breakdowns, subscribe to Carlo’s Wealth Lab.
Not financial advice. For education and entertainment only.
#personalfinance #money #carloan #autoloan #budgeting #savingmoney #debtfree #financialfreedom #wealthbuilding #moneymistakes #lifestyleinflation #moneymanagement #costofliving
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