Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agoAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netexternal-linkmessage-square120fedilinkarrow-up1252arrow-down15
arrow-up1247arrow-down1external-linkAn Auto Loan Debt Crisis Looks Imminentwww.automoblog.netLee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agomessage-square120fedilink
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up0·10 months agoThat’s even worse. Now you have your house on the line for a depreciating asset. It’s the depreciation that makes financing cars such a bad deal.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up0arrow-down1·10 months agoOnly if you want to sell your house in a few years. If not, it’s a money printing machine.
That’s even worse. Now you have your house on the line for a depreciating asset. It’s the depreciation that makes financing cars such a bad deal.
Only if you want to sell your house in a few years. If not, it’s a money printing machine.