Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 11 months ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

266

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 11 months ago

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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Patches@sh.itjust.works
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11 months ago
Step 1) Go back in time and get a brand new car during COVID.

Step 2) Drive it home

Step 3) Immediately call in and say you are having trouble making your auto payment. You will need forbearance for one year.

Step 4) Free car for up to 1 year plus 90 days till repo.

Step 5) ???

Step 6) Never need a line of credit ever again?

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