Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 2 years ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

cross-posted to:
collapse@lemmit.online

274

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 2 years ago

cross-posted to:
collapse@lemmit.online

Car loan debt has ballooned, delinquencies are still rising, and major lenders are leaving the market. Is an auto loan debt crisis coming soon?

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CmdrShepard@lemmy.one
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2 years ago
Honestly not that surprising. It’s the same reason why electronics don’t get repaired, they just get whole new boards installed even if it’s just a single bad component. Labor costs can easily outweigh the cost of any single part.

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