* The head of Capital One Auto, one of the nation’s largest auto finance lenders, told CNBC he isn’t overly concerned about rising consumer automotive debt and inflated used car prices leading to so-called “forever loans.”
* While median monthly car payments have jumped **from $390 to $525 since 2019**, data provided by Capital One Auto suggests vehicle costs have been stable compared with income.
* The lender found 80% of car purchasers who finance a vehicle are below the generally recognized payment to income threshold of 15%, even though they’re taking out longer loans to get to that goal.
The more everything goes up the more and more and more money gets diverted from savings and investment by the vast majority of people , i cant imagine why people struggle to save and retire …………. the article can try and spin it all they want , sugar coat it all they want but paying this much more for a depreciating asset
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* The head of Capital One Auto, one of the nation’s largest auto finance lenders, told CNBC he isn’t overly concerned about rising consumer automotive debt and inflated used car prices leading to so-called “forever loans.”
* While median monthly car payments have jumped **from $390 to $525 since 2019**, data provided by Capital One Auto suggests vehicle costs have been stable compared with income.
* The lender found 80% of car purchasers who finance a vehicle are below the generally recognized payment to income threshold of 15%, even though they’re taking out longer loans to get to that goal.
The more everything goes up the more and more and more money gets diverted from savings and investment by the vast majority of people , i cant imagine why people struggle to save and retire …………. the article can try and spin it all they want , sugar coat it all they want but paying this much more for a depreciating asset
# HARD PASS !!