In a Subprime Bubble for Used Cars, Borrowers Pay Sky-High Rates - NYTimes.com
2014 Jul 23, 2:18am 10,523 views 20 comments
by CL follow (1)
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If you drive new car, you are a success. Your neighbors and peers will respect you. You will sell more homes!
Tenpoundbass
2014 Oct 12, 3:29am
What do you think? Will Auto loans collapse?
NO because Cash for clunkers got rid of all of the self reliant, easy to fix, cheap to maintain, hoopties that didn't need a computer and a cmap unit to run.
Buying new cars will come in and out of fashion but one thing for sure, we're not far from $30K 10 year old cars. and 7 year loans on them.
Nor are we far from self driving alternate energy cars, that start at $120K and no other new cars are allowed to be manufactured. So these gas combustion engine cars that we see now. Will be prime real estate someday for those that will never be able to afford the 2020 $158K Honda Fit.
JH
2014 Oct 12, 8:03am
Not possible. Unless we start having car brokers who make it impossible to buy and sell on a private market.
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http://dealbook.nytimes.com/2014/07/19/in-a-subprime-bubble-for-used-cars-unfit-borrowers-pay-sky-high-rates/?_php=true&_type=blogs&_r=0
What do you think? Will Auto loans collapse?
#bubbles