4um: The Growing Auto Loan Problem Facing Young Americans

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Title: The Growing Auto Loan Problem Facing Young Americans
Source: [None]
URL Source: https://www.zerohedge.com/personal- ... problem-facing-young-americans
Published: Mar 18, 2023
Author: Tyler Durden
Post Date: 2023-03-18 20:53:11 by Horse
Keywords: None
Views: 122
Comments: 11

...the amount of auto debt transitioning into serious delinquency is much higher for Gen Z and Millennials.
Poster Comment:
Poor people with paid off cars can't afford repairs and gasoline. Looks like they want us to live in Smart cities which are prisons for the commoners.
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#1. To: Horse, 4um (#0)
Jesus, I'm pretty well off, but I couldn't justify paying about six times what it cost me to build my first house (the one I'm living in. I lost my good one in a divorce) for a car. Any car.
Cars are crazy expensive. I bought a new 1980 Z28 off the dealer's showroom floor. I don't remember what I paid for it, but the sticker price was $8,000.
What's one now? I USED to love cars.

Esso posted on 2023-03-18 21:15:47 ET Reply Untrace Trace Private Reply
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#2. To: Esso (#1)
I've never bought a new car in my life. And if I won the $250 million lottery tomorrow (not likely since I've never bought a ticket) I still wouldn't buy one. I just don't want one.

StraitGate posted on 2023-03-18 21:31:08 ET Reply Untrace Trace Private Reply
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