Lee Duna@lemmy.nz to NewsEnglish · 2 years agoAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netexternal-linkmessage-square164linkfedilinkarrow-up1285arrow-down15
arrow-up1280arrow-down1external-linkAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netLee Duna@lemmy.nz to NewsEnglish · 2 years agomessage-square164linkfedilink
minus-squareNobodylinkfedilinkEnglisharrow-up59arrow-down4·2 years agoPeople 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-squareCADmonkeylinkfedilinkarrow-up12arrow-down1·2 years agoHave to be sure they don’t repo a running usuable car, then.
minus-squareMac@mander.xyzlinkfedilinkarrow-up7arrow-down2·2 years agoI 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.