Yep. My sister-in-law bought a 2011 Kia a few years ago with 27% interest. $485/mo (plus insurance which was ~$150) for a Kia. Then she beat it up and drove 40,000 miles between oil changes. Now she still owes 14k on a car with 100,000 miles on it that looks like trash and is worth maybe $3500 on a good day.
"Predatory lending" indeed. But she signed the papers. Can't feel *too* bad for her...
40,000?!?!?! I didn't even think the car would keep running that long without an oil change!
Modern cars and oil are a lot better than in the past. The 3,000mi/3month mantra (reasonable when introduced in the 50-60s) is pure marketing bullshit at this point. That Kia probably has a manufacturers suggested interval of around 10,000mi/1year for the non-severe schedule.
BMW typically has a 15,000mi interval recommendation.
So, 40,000, while extremely dumb and has
certainly caused serious damage, 40,000 is possible without immediate complete failure. Especially considering the vehicle has obviously been used mostly for long distance travel (100k miles in ~4-5 years). Take apart her engine and it will look like this:
But will still run (though poorly and with a lot of emissions) due to the wonders of modern engineering.