1 in 5 new car buyers are stuck in a $1,000-a-month nightmare — and it’s ruining their long-term wealth - NewsBreak
www.newsbreak.com
The trend is driven by record prices, high interest rates and buyers rolling negative equity into new loans.
  • nomecks@lemmy.wtfEnglish
    4·
    14 hours ago
    • Dealers jack prices way up
    • High prices allow them to give ridiculous trade in value
    • Trade ins scrapped or exported
    • Sky high used car prices due to constrained supply
    • Buyers forced into new cars

    See how that works?