Americans Are Falling Behind on Their Car Payments

https://lemmy.world/post/8498184

Americans Are Falling Behind on Their Car Payments - Lemmy.World

Well, yeah, when people are spending $30K-$80K on a car, they’re likely gonna miss payments eventually. The car market, including used cars, has been over-inflated for years.
During peak COVID, the dealer wanted to buy back my Q50 for $6k more than I paid them for it four years prior.