News@lemmy.worldEnglish • 8 months ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

286

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

News@lemmy.worldEnglish • 8 months ago

Car loan debt has ballooned, delinquencies are still rising, and major lenders are leaving the market. Is an auto loan debt crisis coming soon?

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@ryathal@sh.itjust.works
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1•8 months ago
That’s even worse. Now you have your house on the line for a depreciating asset. It’s the depreciation that makes financing cars such a bad deal.
- @Aux@lemmy.world
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  1•8 months ago
  Only if you want to sell your house in a few years. If not, it’s a money printing machine.

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