A few weeks ago, a TikTok user named Blaisey Arnold posted a video about her Chevy Tahoe.
“After three years with my Tahoe, I’m finally getting rid of it,” Arnold said. It was her dream car, and she’d taken out a loan for the $84,000 — yes, you read that right, $84,000 — vehicle. Since then, she’d been paying $1,400 a month for the last three years, totaling about $50,000. But because of her high interest rate, only $10,000 of that money went toward paying off the balance of the car. “Honestly, that blows my mind,” she said.
It blew her viewers’ minds, too.
“The math isn’t mathing,” one commenter wrote. “Seriously, what is your interest rate???????” asked another. The video currently has about 2.5 million views. The situation was so untenable that Arnold joked in a follow-up video that she was considering leaving the Tahoe in a “bad part of town,” hiring the mob, or (more seriously) defaulting and letting it get repossessed.
There’s a lot we can’t know about her situation, without looking at her finances and the terms of her loans. But she’s not the only one shelling out huge amounts of cash for a fancy car: Other women have also been sharing the details of their major monthly car payments on TikTok.
Still, the online reactions seem to unite around a central theme: Arnold messed up big time by taking out a loans at a terrible rate. Defaulting and letting her car get........