31% of all drivers owe more for their cars than they are worth, and a whopping 46% of EV owners are underwater on their loans jalopnik.com/a-third-of-a...
The problem is even worse for electric vehicle and luxury car owners, and over half of people think their car is worth more than it really is
Ok now I want to learn more about EV depreciation.
I'm sure it's fine, just stretch car loans out to 15 years and let lenders remotely disable the car if you stop paying, this will all take care of itself, stop worrying
If we don't have a soft landing, auto loans are going to be the first thing that breaks.
This seems completely normal for most people who buy new cars
People way over-buy cars here in the South. It's a social status thing. Pro tip. Don't count on overtime to make that 1400 a month for 8 years truck loan
Lease your EV or buy it used.
People have always treated cars as an asset instead of a often necessity and always liability. This is like 9th grade money management stuff, C'MON
It's a dirty, dirty game. I love cars, I do not love car notes 😂. A public transportation system worth a shit would help so many Americans.
31 percent of American drivers WHO FINANCED THEIR CAR. Not 31 percent of American drivers.