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Anonymous
Anonymous asked in Business & FinanceOther - Business & Finance · 2 months ago

what are these people with these $ 60,000 pick up trucks going to do if the economy hits the fan?

espcially if they also have a expensive trailer and equipment or a big boat that they pull behind it?

17 Answers

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  • ?
    Lv 7
    2 months ago
    Favourite answer

    I can’t speak for all because unfortunately many are in debt living paycheck to paycheck. I paid cash for my truck. 

  • ?
    Lv 6
    2 months ago

    The economy tanked a year ago, due to the pandemic.  Those who have not lost expensive personal items already obviously have enough money to pay for them. 

  • Anonymous
    2 months ago

    ARE THEY STILL GOING TO BE DRIVABLE?

  • 2 months ago

    Maybe they'll live in them. Maybe they'll get them repossessed. Maybe they'll get other jobs and make their payments. I'm sure if someone can afford a truck that costs that much, they might just  have other resources available to them if the economy takes a dive. Or maybe they won't. But it certainly won't be MY problem, or yours. 

  • 2 months ago

    They're paying off the stuff over time. 

  • 2 months ago

    Probably work harder! Ya don't just give up every time things get tough!

  • 2 months ago

    Many of the people pleading poverty and underwater mortgages during the recession were turned down for refis when their credit report showed a recent purchase of a second home, yacht, third car, etc. Those cruel, unfeeling bankers!

  • Anonymous
    2 months ago

    Why  do you care - jealous much! What are people going to do with multi-millions homes, yachts, drug addictions?  NOT every vehicle or purchase is financed. 

  • 2 months ago

    Republicans will be fine.  But the average Democrat is already over $100,000 in debt so they'll just be even more in debt.

  • 2 months ago

    Screw 'em.  How about publicly owned trains?  Start thinking like a socialist.

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