Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 8 months agoAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netexternal-linkmessage-square165fedilinkarrow-up1285arrow-down15
arrow-up1280arrow-down1external-linkAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netLee Duna@lemmy.nz to News@lemmy.worldEnglish · 8 months agomessage-square165fedilink
minus-squareNobody@lemmy.worldlinkfedilinkEnglisharrow-up58arrow-down4·8 months agoPeople in power will squeeze and squeeze. They’ll crank up the interest rates. They want you to default on the equity. Take your payments and your car. That’s how they make their money.
minus-squareCADmonkey@lemmy.worldlinkfedilinkarrow-up12arrow-down1·8 months agoHave to be sure they don’t repo a running usuable car, then.
minus-squareMac@mander.xyzlinkfedilinkarrow-up7arrow-down2·8 months agoI understand the sentiment but please leave us decent cars on the used market.
People in power will squeeze and squeeze. They’ll crank up the interest rates. They want you to default on the equity. Take your payments and your car. That’s how they make their money.
Have to be sure they don’t repo a running usuable car, then.
I understand the sentiment but please leave us decent cars on the used market.