News@lemmy.worldEnglish · 1 year ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

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An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 1 year ago

126

Car loan debt has ballooned, delinquencies are still rising, and major lenders are leaving the market. Is an auto loan debt crisis coming soon?

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dan1101@lemm.ee
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1 year ago
Exactly. I like cars so it starts to suck keeping them for 10 years but otherwise I’d be in continual car payments.

Also taxes and insurance get cheaper as the car gets older too, so that helps.

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