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    Economy

    Auto loan crisis: Car debt grows and negative equity explodes. 30% of Americans with vehicle loans are upside-down on their loans.


    The report says that's to the tune of $7,183 in the red on the finances, and that's also the highest number ever reported for a first quarter and simultaneously the second highest quarter ever on record.

    Google searches for "Give car back" are skyrocketing to the highest levels in history.

    https://i.redd.it/kdo1215fzzyg1.png

    Posted by Boo_Randy_Revival

    5 Comments

    2. IcySuggestion2545 on

      I don’t see why there be a problem when the average cost of an American car is like 55K before taxes. But you can get a perfectly fine BYD for 12K

      Simply another indication of the death rattles

    4. phatuous_1 on

      If you didn’t put 20% down, finance for 48-60 months and put additional money towards the principal monthly you couldn’t afford that vehicle in the first place.

    5. TheSilverFoxwins on

      And where can I pick up a repo vehicle ? I hear this all the time and don’t see any deals .

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