Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 3 年前An Auto Loan Debt Crisis Looks Imminentwww.automoblog.netexternal-linkmessage-square165fedilinkarrow-up1286
arrow-up1286external-linkAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netLee Duna@lemmy.nz to News@lemmy.worldEnglish · 3 年前message-square165fedilink
minus-squareNobody@lemmy.worldlinkfedilinkEnglisharrow-up60·3 年前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.
minus-squareCADmonkey@lemmy.worldlinkfedilinkarrow-up12·3 年前Have to be sure they don’t repo a running usuable car, then.
minus-squareMac@mander.xyzlinkfedilinkarrow-up7·3 年前I 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.