Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 11 months ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

271

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 11 months 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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11 months 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.
- ryathal@sh.itjust.works
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  11 months 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.

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