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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@CmdrShepard
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1•8 months ago
Honestly not that surprising. It’s the same reason why electronics don’t get repaired, they just get whole new boards installed even if it’s just a single bad component. Labor costs can easily outweigh the cost of any single part.

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