An Auto Loan Debt Crisis Looks Imminent

Lee Duna@lemmy.nz to News@lemmy.world – 276 points –
An Auto Loan Debt Crisis Looks Imminent
automoblog.net
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I was looking at the amount of bad debt that Americans are in with mortgages, and with the moratorium over on student loan repayments, earlier this year it looked like another 2008 on the horizon. I never considered though that it would be the car payments getting defaulted on.

Cars are becoming the new houses, so kinda makes dystopian sense?

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