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American consumers are increasingly underwater on their car loans
- deleted 2y ago[deleted]
- pmdulaney 2y agoIf you're a prudent consumer who plans to keep his car say 10 years, this doesn't really affect you. If you're the type who buys a new car every 3 or 4 years, the loss of equity is annoying, but you presumably have enough discretionary income that it's not really a big deal. The real story here, totally unnoted in the article, is a positive one: used car prices, which went crazy high in the pandemic era, have become more affordable.