Auto 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.

RealWarrenBuffett@lemm.eebanned from community to News@lemmy.world – 269 points –
creditnews.com
86

You are viewing a single comment

So I looked up the specs for the first 5K-ish India car I found.

https://www.cardekho.com/maruti/alto-k10/specs

As far as I can tell, it has every feature you’re saying is responsible for western automakers charging around 6 times the cost of this car… sans heated seats and purported safety standards.

Chevy charges an additional $1K for the package that adds heated seats to their Bolt EV.

So, am I to take you at face value that you’re inferring that safety concerns and standards are responsible for the remainder of the price gouging?

7 more...