Lee Duna to News@lemmy.worldEnglish • 1 year agoAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netexternal-linkmessage-square165fedilinkarrow-up1286
arrow-up1286external-linkAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netLee Duna to News@lemmy.worldEnglish • 1 year agomessage-square165fedilink
minus-square@dangblingus@lemmy.dbzer0.comlinkfedilink12•edit-21 year agoDebt that they can’t afford. You can get approved generally for more debt than you can feasibly make payments on. Easier for a working class schmo to get approved for a $90K truck than a $500K house.
minus-square@RGB3x3@lemmy.worldlinkfedilinkEnglish13•1 year agoWho the fuck pays $90k for a truck? Anybody willing to do that deserves it.
minus-square@TheSanSabaSongbird@lemdro.idlinkfedilinkEnglish7•1 year agoLots of people. I don’t get it either, but here we are.
minus-squarearchomrade [he/him]linkfedilinkEnglish3•1 year agoPeople assume they wouldn’t be approved for a loan amount they couldn’t afford Not many people understand they the debt is sold to someone else and soon as you walk out the door
Debt that they can’t afford. You can get approved generally for more debt than you can feasibly make payments on. Easier for a working class schmo to get approved for a $90K truck than a $500K house.
Who the fuck pays $90k for a truck?
Anybody willing to do that deserves it.
Lots of people. I don’t get it either, but here we are.
Like a quarter of the US, lol
Have you looked at the price of trucks lately?
People assume they wouldn’t be approved for a loan amount they couldn’t afford
Not many people understand they the debt is sold to someone else and soon as you walk out the door