A significant group of Americans are falling behind on their car payments – an economic warning sign
Posted by Just-Sale-7015
A significant group of Americans are falling behind on their car payments – an economic warning sign
Posted by Just-Sale-7015
6 Comments
Americans choosing to buy reasonably priced, fuel efficient cars. Challenge impossible.
It’s not a big deal, you can always write the car loans and price them according to their ability to pay and the anticipated value of the seized car. It is not like the car company finance divisions are gonna face insolvency or cash problems
The money my peers are spending on trucks and SUVs shocks me. Feels like everyone has purchased vehicles far beyond their means.
I am so glad I bought a used Mazda 3
We’re not getting cheap cars again. It’s time to build the trains.
I think corporate America is choosing to just focus on the higher income spenders since their spending is so large it’s still causing a great deal of growth..essentially “fuck the poor”