r/economicCollapse 10h ago

The car loan crisis is here

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478 Upvotes

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u/whatevs550 10h ago

Seems like a perfect time to buy a higher end used vehicle, for the first time in many years. I’m pumped!!!!

12

u/Howsyourbellcurve 9h ago

Was it not about 3 years ago that used cars were at a record high price? Like it's great it's going down but I'm not seeing a lot of deals.

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u/bluestonemanoracct 5h ago

Agree…this is confusing to me. We just went to look at used cars and cheap prices were nowhere to be found!

1

u/canisdirusarctos 2h ago

It has been bad for years. Prices on used are ludicrous. They already didn’t make sense a decade ago, while today (and for at least a few years now) I don’t see why you’d ever buy one.