RealWarrenBuffett@lemm.ee to News@lemmy.world · 2 years agoAuto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt.creditnews.comexternal-linkmessage-square30fedilinkarrow-up1224arrow-down110
arrow-up1214arrow-down1external-linkAuto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt.creditnews.comRealWarrenBuffett@lemm.ee to News@lemmy.world · 2 years agomessage-square30fedilink
minus-squareSparking@lemm.eelinkfedilinkEnglisharrow-up11arrow-down1·2 years agoWhat, thats crazy. I bought my car certified pre-owned, fully paid it off, and have been driving it for 8 years with hopefully another 8 more to go. I know car prices have been going out of control though, whats going on?
minus-squarePotatos_are_not_friends@lemmy.worldlinkfedilinkarrow-up21·2 years agoHarder and harder to do that. My goal was to buy a used car then finally a new electric car. My 2012 pre-owned car was paid in cash for $7k about five years ago. And my goal was to save $25k cash, and trade this one in for a newish car. My 2012 exact car can now be bought for $9k. And newer cars are now in the $40k range. AND they have shitty subscriptions for features.
What, thats crazy. I bought my car certified pre-owned, fully paid it off, and have been driving it for 8 years with hopefully another 8 more to go. I know car prices have been going out of control though, whats going on?
Harder and harder to do that. My goal was to buy a used car then finally a new electric car.
My 2012 pre-owned car was paid in cash for $7k about five years ago. And my goal was to save $25k cash, and trade this one in for a newish car.
My 2012 exact car can now be bought for $9k. And newer cars are now in the $40k range. AND they have shitty subscriptions for features.