[email protected]English • 6 months ago

Americans can no longer afford their cars

www.newsweek.com

cross-posted to:
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380

Americans can no longer afford their cars

www.newsweek.com

[email protected]English • 6 months ago

cross-posted to:
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Just 10% of new car listings are currently priced below the $30,000 mark, after years of price increases have made vehicles unaffordable to millions.

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@ryathal
link
5•6 months ago
People have been rolling negative equity into new car payments, and claiming to be smart because rates were so low… rates aren’t low anymore and that risk is being realized.

Financing a car is a poverty trap.

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