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Proles struggling with car payments (NYT)
| ....,....,.......,.........,....,.,.... | 03/21/26 |
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Date: March 21st, 2026 8:59 PM Author: ....,....,.......,.........,....,.,.... An $830-a-month car payment. Auto insurance for $280 each month. Thousands more for tire and maintenance repairs.
For almost three years, those bills have followed Davine Greene, a nursing student who hasn’t missed or been late on a payment since buying her Kia K5 GT in November 2023. But keeping up with the payments has driven up her debt to more than $80,000, not including student loans.
Last week, she filed for bankruptcy to escape the burden, she said.
“This car is the bane of my existence,” said Ms. Greene, 24, who lives in Fort Lauderdale, Fla. “Probably the worst decision I’ve ever made, like, financially speaking.”
https://www.nytimes.com/2026/03/16/business/car-ownership-prices-interest-rates.html |