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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The best option is to ditch the car entirely.. buy an ebike instead for the price of 1 car payment, or move to an area with ample sidewalks/mass transit..

Definitely a big task, but is certainly more viable than buying a car with cash… (it most certainly was for me at least..)

Not all of us are 23 years old, work from home, and live in hipster city. I love these alternative forms of transportation, I have a moped when I was a single and decent bicycle. It just wouldn't be practical for me to deal with highways and picking up my kids from aftercare on an ebike.

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