News@lemmy.world · 1 year ago

American Debt: Auto Loan Balances Hit Record $1.6 Trillion in Q3 2023

www.investopedia.com

American Debt: Auto Loan Balances Hit Record $1.6 Trillion in Q3 2023

www.investopedia.com

return2ozma@lemmy.world to

News@lemmy.world · 1 year ago

American Debt: Auto Loan Balances Hit $1.6 Trillion in Q3 2023

www.investopedia.com

Consumer auto loan debt has continued to rise, a result of increased demand, less supply, and higher prices.

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1 year ago
Yeah because 28% APR 72 month loans are totally a good idea for the consumer.

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