@[email protected] to News • 9 months agoAuto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt.creditnews.commessage-square93fedilinkarrow-up1291arrow-down116
arrow-up1275arrow-down1external-linkAuto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt.creditnews.com@[email protected] to News • 9 months agomessage-square93fedilink
minus-square@Potatos_are_not_friendslink25•9 months agoHarder and harder to do that. My goal was to buy a used car then finally a new electric car. My 2012 pre-owned car was paid in cash for $7k about five years ago. And my goal was to save $25k cash, and trade this one in for a newish car. My 2012 exact car can now be bought for $9k. And newer cars are now in the $40k range. AND they have shitty subscriptions for features.
minus-square@[email protected]linkfedilink5•9 months agoIt’s wild when I was looking to do something similar and instead ended up buying a newish electric vehicle because it was about the same price as what I’d otherwise have gotten.
Harder and harder to do that. My goal was to buy a used car then finally a new electric car.
My 2012 pre-owned car was paid in cash for $7k about five years ago. And my goal was to save $25k cash, and trade this one in for a newish car.
My 2012 exact car can now be bought for $9k. And newer cars are now in the $40k range. AND they have shitty subscriptions for features.
It’s wild when I was looking to do something similar and instead ended up buying a newish electric vehicle because it was about the same price as what I’d otherwise have gotten.
This is exactly what happened to me.