08/23/2026
Don’t ever do this.
Too many people do this just to impress others and they think they’re rich.
They’re not.
Vehicles whether it’s a MB, BMW, Range Rover, Tesla, etc. depreciates over time.
Don’t be surprised when you buy a new vehicle for $75,000, and in 8 years, it depreciated down to $22,000.
You have it financed? Add the interest of the loan you were paying on a monthly basis. Add maintenance, annual DMV Fees, and Automobile Insurance. Add the total cost of having a vehicle for 8 years.
How much did you pay in 8 years for that $75,000 vehicle?
The 2026 Car Payment That Is Quietly Bankrupting Americans
Average monthly car payment. 745 dollars.
In 2010, it was 379. In 2015, 481. In 2020, 568. Today, 745.
96 month loans are now the norm. 1 in 7 buyers pays over 1000 a month.
A 745 dollar payment over 8 years costs 71 thousand. The car is worth 22.
Save this before you sign at the dealership.