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re: Americans Struggle to Afford Car Payments
Posted on 10/21/23 at 3:05 pm to SulphursFinest
Posted on 10/21/23 at 3:05 pm to SulphursFinest
quote:
Everyone spends entirely too much on vehicles. It’s actually insane to me how expensive they are
It really is nuts to me how expensive vehicles have become, now tack on the insane interest rates people are borrowing at and it just boggles the mind.
But this specifically is definitely a big product of student loan pausing for way too long and people getting themselves into loans on vehicles they could never afford if they had to make student loan payments and now that student loans are back people are going to have to start deciding and it's usually the car that's gunna go.
This post was edited on 10/21/23 at 3:06 pm
Posted on 10/21/23 at 3:17 pm to thunderbird1100
quote:
But this specifically is definitely a big product of student loan pausing for way too long and people getting themselves into loans on vehicles
Car prices have been exponentially increasing for over a decade now. This isn’t a recent thing.
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