It's The Economy -tupid

[Babagounj]

Americans are falling behind on their car payments

Recent data from experts at Cox Automotive shows that Americans are still struggling with car payments. The number of defaults industrywide is up in the first half of 2024.

www.foxbusiness.com

Repos Spike in 2024 As Fewer Americans Can Pay Their Car Loans

Car repossessions have surged in the U.S. during the first half of 2024 as more borrowers fall behind on their auto loans. Repos have gone up by 23% compared to the same time period last year, according to Automotive News. This unusually high number of repos in America is due, in part, to...

autos.yahoo.com

 

[bottomups]

Americans are falling behind on their car payments

Recent data from experts at Cox Automotive shows that Americans are still struggling with car payments. The number of defaults industrywide is up in the first half of 2024.

www.foxbusiness.com

Repos Spike in 2024 As Fewer Americans Can Pay Their Car Loans

Car repossessions have surged in the U.S. during the first half of 2024 as more borrowers fall behind on their auto loans. Repos have gone up by 23% compared to the same time period last year, according to Automotive News. This unusually high number of repos in America is due, in part, to...

autos.yahoo.com

Don't buy more than you can afford. Maybe the taxpayers can bail them out?

 

[Babagounj]

Don't buy more than you can afford. Maybe the taxpayers can bail them out?

Do they all have student loans due ?

 

[Thebrownblob]

Don't buy more than you can afford. Maybe the taxpayers can bail them out?

There’s a good chance most people can’t afford a new car. They shouldn’t be looking at them at all. Used cars make much better sense although interest rates are hurting even that ability.

 

[Babagounj]

There’s a good chance most people can’t afford a new car. They shouldn’t be looking at them at all. Used cars make much better sense although interest rates are hurting even that ability.

Have you seen the price of used cars lately ?

 

[Thebrownblob]

Have you seen the price of used cars lately ?

Yes, just bought one. You gotta be selective. And be willing to haggle.

 

[Babagounj]

Yes, just bought one. You gotta be selective. And be willing to haggle.

How many miles on it ?

 

[Thebrownblob]

How many miles on it ?

18,000. 2021 Chevy Malibu they were asking originally 19 K got it for 13 K paid cash.

 

[Over70irregs]

Don't buy more than you can afford. Maybe the taxpayers can bail them out?

A lady I know got repoed with $720 payment

 

[Thebrownblob]

A lady I know got repoed with $720 payment

That’s cheap lol I know some knuckleheads who have over $1200 car payments. SMH