News@lemmy.worldEnglish · 2 years ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

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An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 2 years ago

156

Car loan debt has ballooned, delinquencies are still rising, and major lenders are leaving the market. Is an auto loan debt crisis coming soon?

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archomrade [he/him]@midwest.social
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2 years ago
People assume they wouldn’t be approved for a loan amount they couldn’t afford

Not many people understand they the debt is sold to someone else and soon as you walk out the door

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