[email protected]English • 1 year ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

277

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

[email protected]English • 1 year ago

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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@[email protected]
link
fedilink
1•1 year ago
No, remortgage your property at super low interest rate below inflation and then buy with the cash you got. This way you’re saving crap loads of money.
- @[email protected]
  link
  fedilink
  1•1 year ago
  That’s even worse. Now you have your house on the line for a depreciating asset. It’s the depreciation that makes financing cars such a bad deal.
  - @[email protected]
    link
    fedilink
    1•1 year ago
    Only if you want to sell your house in a few years. If not, it’s a money printing machine.

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