Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 3 年前Americans can no longer afford their carswww.newsweek.comexternal-linkmessage-square115linkfedilinkarrow-up1387arrow-down112cross-posted to: personalfinance@lemmy.ml
arrow-up1375arrow-down1external-linkAmericans can no longer afford their carswww.newsweek.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 3 年前message-square115linkfedilinkcross-posted to: personalfinance@lemmy.ml
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up4·3 年前People have been rolling negative equity into new car payments, and claiming to be smart because rates were so low… rates aren’t low anymore and that risk is being realized. Financing a car is a poverty trap.
People have been rolling negative equity into new car payments, and claiming to be smart because rates were so low… rates aren’t low anymore and that risk is being realized.
Financing a car is a poverty trap.