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If you had to get a loan for a car, you already couldn't afford it.
by x3n0ph3n3 1y ago
If you had to get a loan for a car, you already couldn't afford it.
- antinomicus 1y agoNope. This one out of all the comments in this thread screams out of touch tech guy. 80% of car purchases in America are financed. There are over 100 million car loans in America. Though in a more ideal world car loans should not be necessary, in this one, they very much are.
- monkaiju 1y agoJust because its necessary to get a car, which folks do usually need in our society, doesn't mean they can afford it...
- x3n0ph3n3 1y agoMost purchases being financed through debt isn't a compelling argument that people can afford the purchase. It's a highly predatory market for something that many people need just to survive.
- johnnyanmac 1y agoIsn't that the default? Even trying to fund a 4 thousand dollar beater may take a loan.
- crims0n 1y agoThat really depends on the interest rate. If the going rate is good (especially 3% or below), why tie up the capital in a car purchase when you can be putting it to work elsewhere?
- x3n0ph3n3 1y agoIn that case, you don't have to get a loan, but you do anyways.