It’s a give away to rich people who buy expensive cars, and to the even richer people who own car dealerships or an automaker experiencing sluggish EV sales.
Rich people love debt. Their existing wealth gets them great terms and they’re in the best position to apply the saved capital to investments that return more than the loan rate.
It’s a give away to rich people who buy expensive cars, and to the even richer people who own car dealerships or an automaker experiencing sluggish EV sales.
Rich people don’t buy their cars on loan…
Rich people love debt. Their existing wealth gets them great terms and they’re in the best position to apply the saved capital to investments that return more than the loan rate.
They sure as hell do. Go talk to some car salesmen on shitsite’s /r/AskCarSales