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I look at 8 year automotive loans, and I wonder- who is about to get screwed. People with jobs at gas stations buying new $30k vehicles. Either inflation is a
by helpPeople 7y ago
I look at 8 year automotive loans, and I wonder- who is about to get screwed.
People with jobs at gas stations buying new $30k vehicles.
Either inflation is about to get bad, and our parents/Grandparents lose big or deflation happens and young people are screwed.
Are there any other options?
- seganddr 7y agoPeople stop with all the fear mongering and there's another decade of slow and steady growth.
- draw_down 7y agoAKA, it’s different this time.
- segmondy 7y ago$30k vehicles are cheap these days. My mouth dropped when I was at the auto show and seeing SUVs like navigator and escalade with price of $80k+
- mywittyname 7y agoThe median new car price is quickly approaching $40k. Probably 65% or so of new cars cost more than $30k.
- theandrewbailey 7y agoNavigators and Escalades are luxury SUVs. Of course those are going to cost a lot.
- buckminster 7y agoIn the UK in recent years there has been a big increase in lease-to-buy deals where the consumer can return the car and walk away. The car finance companies seem to be in the riskiest position.