American drivers do not struggle with the same ridiculously high toll pressure as their Danish counterparts. But that doesn't mean that cars are necessarily cheap.
A 23-year-old American is stuck in a Toyota Camry. So not literally, but at least as serious in economic terms.
In the middle of a divorce, she drives around in a Toyota that drags on a loan that she can't afford at all.
Every month she has to pay 650 dollars, which corresponds to 4,500 Danish kroner, on the car loan. So for 72 months. Or 6 years.
This corresponds to the fact that she ends up paying DKK 328,500 for the car, which is from 2021. Among other things, because her car loan bears interest at almost 12 percent every month.
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By comparison, in Denmark you can find car loans with 4.5 percent interest. And the Danish Toyota importer has even wanted to make car loans at 0 percent interest. This happened in both 2017 and 2020.
Jenny, as the woman is called, tells in the podcast "Caleb Hammer" that she only works part-time at 103 kroner an hour, and that the car loan alone eats up 30 percent of her income.
Still, she, who lives in Texas, cannot do without a car because of the very long distances between everything in the state. On the other hand, the Toyota only helps to ruin her further.
To have a little more to compare with, a Toyota Camry in 2021 could be had from 26,000 dollars, which corresponds to 179,000 Danish kroner. Jenny ends up paying almost double for the car.
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