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Tonaia t1_jec4u2q wrote

Reply to comment by theonlyone38 in Ford hikes prices on its F-150 Lightning again, as production resumes after EV battery fire by Shakawakahn

Most people have to take out a loan on a 20k car.

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theonlyone38 t1_jeca4y8 wrote

My point exactly.

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MidnightSlinks t1_jecoquv wrote

Their point was that most consumers buying trucks are indeed already taking out loans. Even ICE F150s are quite expensive.

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TabletopMarvel t1_jecvhmr wrote

$20k?

These days that's like a 2014 Escape with 90,000 miles.

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MidnightSlinks t1_jed5fv0 wrote

I have no idea what your point is. You said someone should not consider taking a loan out for a truck. The next person disagreed with you and pointed out that even a $20k car, which is modest these days, will be bought on loan by the vast majority of buyers. And their point, and mine, was that typical trucks are more than that (like 2-4x more) and are indeed bought with loans all the time.

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ThaScoopALoop t1_jedghje wrote

I believe OP was trying to imply that an F-150 lightning was a luxury purchase at the current price and likened it to a Lambo purchase, which is silly.

Tonawanda is right, and OP is silly, as most people take out loans to pay for their vehicles.

You seemingly agreed, and another poster insinuated that $20k barely gets you a 10 year old mid-sized used SUV.

I took out a $50k loan on a $60k car because it would have been even money or cheaper over the course of the loan and didn't impinge my spending ability. I think you understand that until recently, financing was the viable and sensible option for purchasing a large purchase. Everything has flipped in the last year though...

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