RealWarrenBuffett@lemm.ee to News@lemmy.world · 1 year agoAuto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt.creditnews.comexternal-linkmessage-square87fedilinkarrow-up1267arrow-down114
arrow-up1253arrow-down1external-linkAuto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt.creditnews.comRealWarrenBuffett@lemm.ee to News@lemmy.world · 1 year agomessage-square87fedilink
minus-squareRagingRobot@lemmy.worldlinkfedilinkarrow-up6·1 year agoNot if they take the car for not paying lol that’s where the not paying part comes in. You just get bad credit. Not the end of the world like people make it out to be
minus-squareXtallll@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up2·1 year agoThen you can buy your own car at auction for pennies in the dollar. As long as you don’t need to get a new loan for 7ish years you are free and clear.
Not if they take the car for not paying lol that’s where the not paying part comes in. You just get bad credit. Not the end of the world like people make it out to be
Then you can buy your own car at auction for pennies in the dollar. As long as you don’t need to get a new loan for 7ish years you are free and clear.