Latest / The Cubby and Christine Morning Show / Average Car Payment

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Average Car Payment · The Cubby and Christine Morning Show

• 0:00
  Speaker 1: All right, quick clarification there, Christine. It's Light FM. My
• 0:02
  Speaker 1: wife has texted.
• 0:03
  Speaker 2: Me and reminded me that Naomi's going to be roomie
• 0:05
  Speaker 2: from K-pop Demon Hunters.
• 0:07
  Speaker 1: Oh, okay.
• 0:08
  Speaker 2: And I kind of thought that, but she dressed up
• 0:10
  Speaker 2: like that last year, and I thought she was kind
• 0:12
  Speaker 2: of over the K-pop thing.
• 0:13
  Speaker 3: She's not.
• 0:14
  Speaker 2: But she's not, so it's roomie. So thank you for
• 0:16
  Speaker 2: the text to my wife. I forgot what Miles is
• 0:18
  Speaker 2: going to be, but there we go.
• 0:20
  Speaker 3: We'll wait for another text.
• 0:22
  Speaker 2: Yes.
• 0:22
  Speaker 3: Coco, what is Miles going to be for Halloween, please? Oh, man.
• 0:26
  Speaker 2: Light FM is on. We're talking everything today. We're talking Halloween.
• 0:30
  Speaker 2: We're talking fall things. We're talking finance now.
• 0:33
  Speaker 3: Yeah, we're talking cars.
• 0:34
  Speaker 1: Yeah, what do you got?
• 0:35
  Speaker 3: Financing cars. Well, you know, we hit a new high
• 0:38
  Speaker 3: as to how much people are paying to have cars now.
• 0:41
  Speaker 1: So this might be a bummer, but it's just a
• 0:43
  Speaker 1: fact in reality.
• 0:44
  Speaker 3: But it's just there. The average amount financed is over $ 45, 000.
• 0:49
  Speaker 3: So our monthly payments are now $ 787.
• 0:52
  Speaker 2: Wow.
• 0:54
  Speaker 3: And we are stretching them out over a longer period
• 0:57
  Speaker 3: of time. We're taking longer loans to keep the monthly lower.
• 1:01
  Speaker 3: But then over time, you're paying more because of the interest.
• 1:04
  Speaker 1: Interest. Hate it.
• 1:07
  Speaker 2: I'm very excited because December will be the end of
• 1:09
  Speaker 2: my five-year car payments, and I've never made it this far.
• 1:13
  Speaker 2: I've always bailed, and I get bored. So three years in,
• 1:17
  Speaker 2: I'll trade in a car, get the value back, and
• 1:21
  Speaker 2: put it towards a new car, whatever.
• 1:23
  Speaker 1: And my wife's like, no, you are driving this to
• 1:25
  Speaker 1: the ground.
• 1:26
  Speaker 2: I want all the wheels to fall off before you
• 1:28
  Speaker 2: get a new car. So look for me on the turnpike.
• 1:31
  Speaker 2: In about a year, when all four tires just roll.
• 1:34
  Speaker 3: Off Yeah, you should be good.
• 1:36
  Speaker 1: You should be good for a while.
• 1:37
  Speaker 3: It's a nice feeling to not have that car payment,
• 1:40
  Speaker 3: you know?
• 1:40
  Speaker 2: Yeah, and I'm actually excited I'm not bored yet, because
• 1:43
  Speaker 2: I really do get bored with certain cars, and just
• 1:45
  Speaker 2: the technology changes.
• 1:46
  Speaker 3: You like tech.
• 1:47
  Speaker 1: And I like tech, yeah, yeah, yeah. But I've been
• 1:49
  Speaker 1: pretty happy with what I have.
• 1:50
  Speaker 3: What about the... Are you resisting the iPhone, or are
• 1:53
  Speaker 3: you going to go for that foldable?
• 1:55
  Speaker 1: I have a rule. Every two years, I'll get a
• 1:58
  Speaker 1: new iPhone.
• 1:58
  Speaker 2: Okay, where are we at? I used to do it
• 1:59
  Speaker 2: every year, and so I'm skipping this year because I
• 2:02
  Speaker 2: got the iPhone... 17 last year. Okay, so i'm skipping
• 2:05
  Speaker 2: this year. How about you?
• 2:06
  Speaker 1: Well, you actually I know you you go back like
• 2:08
  Speaker 1: several years of your phone, right?
• 2:10
  Speaker 3: Yeah, I hate giving it up because once you switch
• 2:12
  Speaker 3: over and I get logged out of everything I can't
• 2:14
  Speaker 3: ever get back into an app to save my.
• 2:15
  Speaker 2: Life, but I will say They have made it easier seriously,
• 2:19
  Speaker 2: I you pretty much get your old phone and You
• 2:23
  Speaker 2: will get the new phone out and your new phone
• 2:25
  Speaker 2: will scan Your old phone.
• 2:27
  Speaker 1: Yes And it'll put everything in almost automatically. It's a
• 2:31
  Speaker 1: lot better.
• 2:31
  Speaker 3: Will it let me back in? Because last time it
• 2:34
  Speaker 3: did not. I was out of Instagram, Facebook. It was
• 2:36
  Speaker 3: a thing. I just can't go through it again.
• 2:40
  Speaker 1: And that's why you still have the iPhone 7. Exactly.
• 2:43
  Speaker 3: And I'll never let it go. I'll never let it go.
• 2:46
  Speaker 1: All right.
• 2:46
  Speaker 2: We got the headlines coming up next. And our conversation
• 2:50
  Speaker 2: with John Legend. You were under the weather on Tuesday,
• 2:52
  Speaker 2: but John Legend stopped by. We'll play that interview coming
• 2:55
  Speaker 2: up after seven. In addition to what else, Christine?
• 2:58
  Speaker 3: Well, like you said, important headlines. And also, why do
• 3:01
  Speaker 3: football players pat each other on the butt?
• 3:04
  Speaker 1: Inquiring minds want to know.