Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agoAmericans can no longer afford their carswww.newsweek.comexternal-linkmessage-square101fedilinkarrow-up1386arrow-down111cross-posted to: personalfinance@lemmy.ml
arrow-up1375arrow-down1external-linkAmericans can no longer afford their carswww.newsweek.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agomessage-square101fedilinkcross-posted to: personalfinance@lemmy.ml
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up4·10 months agoPeople 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.