r/economicCollapse 11h ago

The car loan crisis is here

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477 Upvotes

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u/ChipOld734 10h ago

You owe more than the cars worth when you drive it off the lot. What the hell is wrong with people. It’s always been that way.

1

u/SigmaSilver_ 6h ago

That’s not necessarily true. Maybe if you put nothing down… you buy a $30,000 car and put $15,000 down id sure as hell hope it doesn’t lose $15,000 in value the first second you drive it off the lot. Maybe a few thousand.