The Rise In U.S. Auto Loan Debt Shows No Signs Of Slowing Down [Infographic]

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Americans are still racking up huge levels of debt applying for car loans—and there are no signs of slowing down

 

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While GM closes manufacturing plants and Ford recalls cars at alarming numbers. Ha! Where is everyone driving to at such unreasonable interest rates? 🤷🏾‍♀️

40Billion_com Lease your cars. Getting a loan for a depreciating asset is financial suicide

Debt bubble 2.0

justinmauter

Why? Why would they do that?

Ummm we are a debt and credit driven society.

Don't forget this stupid behavior helps fuel the economy. Our government runs off of debt and so do many citizens. There are all kinds of marketing strategies to entice those who are not financially skilled to make poor decisions.poverty

ce l'avessero solo sulle auto i debiti!! li hanno con università,carte di credito che sognano la notte quando scadono,rate su tutto.quasi la metà americani hanno meno di 1.000dollari su conto corrente.un paese finto (l'1% però sta bene)

Do people really buy cars with cash?

Cars and trucks are horribly overpriced as is. Trucks especially. Anytime a dealer advertises a truck 25K off for a deal at 75k there is a problem.

It will when the economy turns. And then the slump begins. 💩

No cure for stupidity If you cant afford something don't create tons of credit debt

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The Rise In U.S. Auto Loan Debt Shows No Signs Of Slowing Down [Infographic]According to a recent analysis, 44% of U.S. adults are relying on a loan to finance a vehicle purchase. Cool Have you seen vehicle prices?
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