As long as you don’t need to get a new loan for 7ish years
Yep, and depending on the severity of the debt and other factors you’ll mostly just pay higher interest rates on loans for several years. You have to fuck up pretty bad before nobody will loan you money (though that probably depends on a lot of demographic factors too).
Then you can buy your own car at auction for pennies in the dollar. As long as you don’t need to get a new loan for 7ish years you are free and clear.
Yep, and depending on the severity of the debt and other factors you’ll mostly just pay higher interest rates on loans for several years. You have to fuck up pretty bad before nobody will loan you money (though that probably depends on a lot of demographic factors too).