return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 14 hours agoAmericans are more underwater on their car loans than ever beforeqz.comexternal-linkmessage-square26fedilinkarrow-up1112arrow-down17cross-posted to: news@lemmy.world
arrow-up1105arrow-down1external-linkAmericans are more underwater on their car loans than ever beforeqz.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 14 hours agomessage-square26fedilinkcross-posted to: news@lemmy.world
minus-squareObi@sopuli.xyzlinkfedilinkarrow-up1·4 hours agoBut in the case of (new) cars isn’t this applicable to literally everyone the moment they drive off the lot? Like it’s gonna take a while untill the loan payments catch up to the depreciation of a new car.
minus-squareSoJB@lemmy.mllinkfedilinkEnglisharrow-up3·edit-22 hours agoThis might be a bit controversial But if you can’t afford to buy the vehicle in cash, you can’t afford the vehicle. This is the inherent evil in the spread of Western values. Build car centric societies. Keep people poor, keep them dumb, and keep them fat.
minus-squareObi@sopuli.xyzlinkfedilinkarrow-up1·2 hours agoI totally agree, and proudly own our vehicles outright! Don’t care if they’re a bit older.
But in the case of (new) cars isn’t this applicable to literally everyone the moment they drive off the lot? Like it’s gonna take a while untill the loan payments catch up to the depreciation of a new car.
This might be a bit controversial
But if you can’t afford to buy the vehicle in cash, you can’t afford the vehicle.
This is the inherent evil in the spread of Western values. Build car centric societies. Keep people poor, keep them dumb, and keep them fat.
I totally agree, and proudly own our vehicles outright! Don’t care if they’re a bit older.