The dark underbelly of car buying that is un-affordability and bad financial decisions is always with us. Car payments are still at all time highs, and more people than ever are underwater on their auto loans. That hasn’t seemed to stop people from wanting to go into debt for a shiny new piece of metal, though.
In one of the worst car payment explainers we’ve come across in awhile, a video circulating on both Twitter and TikTok shows a woman explaining how much she and her husband pay for both of their vehicles. It’s not pretty.
The latest video is a follow up to the TikTok below where she’s almost trolling about the fact that she bought an $80,000 Tahoe but can’t afford the payments. In the TikTok that’s gone viral on Twitter, she starts by asking if anyone wants to know what’s worse than the payment for her Chevy Tahoe. It turns out the answer is her husband’s truck payment. He purchased a 2020 GMC Sierra 1500 AT4 for $78,000 in August 2022, and two years later she says there’s still a remaining balance of either $72,000 or $74,000. The reason? They got the truck with a 14-percent interest rate with payments of $1,600 a month.
She follows that up with one of the most clown-ass financial ideas I’ve ever heard. With people coming after her for bad financial decisions because she pays $1,400 a month for her Tahoe, she attempts to play the whataboutism card with her husband’s truck by saying “he fucked up too.” Then comes this doozy, emphasis mine: “So maybe we should just let his truck get repossessed and keep the Tahoe because a $1,400 Tahoe payment is a whole lot better than a $1,600 truck payment.” She then says that maybe they should let them both get repoed because they have an Audi now and don’t need either of those car payments.
If you’re wondering, the Audi in question is a Q7 with more than 103,000 miles on it. As you can see, this family likes playing with fire. Anyone shelling out $3,000 for an SUV and a pickup and then considering letting one getting repoed because a $200 difference in one of the payments is better shouldn’t even show their face on the internet. What’s disturbing is that her story mirrors the financial reality of many American car buyers right now who are willingly getting themselves into trouble for a vehicle they want. And it’ll probably keep getting worse.
