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Car prices are still so high. Does this mean we should expect a decrease?
by zeroonetwothree 3y ago
Car prices are still so high. Does this mean we should expect a decrease?
- userinanother 3y agoNope, just means more people will fall behind and not be able to make payments. Those cars will then be repossessed and claim their next debt victims. Car prices are up 30-40% and interests rates are up 5% maybe more at The subprime end. So car prices at the low end are 3x-4x and that’s going to cause additional stress