Lee Duna to [email protected]English • 8 months agoAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netmessage-square157fedilinkarrow-up1283
arrow-up1277external-linkAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netLee Duna to [email protected]English • 8 months agomessage-square157fedilink
minus-square@[email protected]linkfedilink12•edit-28 months agoDebt that they can’t afford. You can get approved generally for more debt than you can feasibly make payments on. Easier for a working class schmo to get approved for a $90K truck than a $500K house.
minus-square@[email protected]linkfedilinkEnglish12•8 months agoWho the fuck pays $90k for a truck? Anybody willing to do that deserves it.
minus-square@[email protected]linkfedilinkEnglish7•8 months agoLots of people. I don’t get it either, but here we are.
minus-squarearchomrade [he/him]linkfedilinkEnglish3•8 months agoPeople assume they wouldn’t be approved for a loan amount they couldn’t afford Not many people understand they the debt is sold to someone else and soon as you walk out the door
Debt that they can’t afford. You can get approved generally for more debt than you can feasibly make payments on. Easier for a working class schmo to get approved for a $90K truck than a $500K house.
Who the fuck pays $90k for a truck?
Anybody willing to do that deserves it.
Lots of people. I don’t get it either, but here we are.
People assume they wouldn’t be approved for a loan amount they couldn’t afford
Not many people understand they the debt is sold to someone else and soon as you walk out the door
Like a quarter of the US, lol