Money & Economics
- Thread starter bigredfish
- Start date
This is fucking nuts!
100-month car loans are now a thing. Kelley Blue Book data shows 31.3% of auto loans issued last month were for 72 months or longer, with more and more at 100 and 120 months.
57.4% of new auto loans last month carried negative equity, meaning the buyer owed more on their trade-in than it was worth.
Most of them rolled that old debt into the new loan.
100-month car loans are now a thing. Kelley Blue Book data shows 31.3% of auto loans issued last month were for 72 months or longer, with more and more at 100 and 120 months.
57.4% of new auto loans last month carried negative equity, meaning the buyer owed more on their trade-in than it was worth.
Most of them rolled that old debt into the new loan.
Chokolinho
Known around here
Huge retail numbers beat!
Must be folks spending that $5K in anticipation of being reimbursed?
Or real inflation as opposed to that reported?
Must be folks spending that $5K in anticipation of being reimbursed?
Or real inflation as opposed to that reported?
MikeLud1
IPCT Contributor
I spent mine already, bought some more SCHD
I’ll admit, I did buy supplies last month
- updated emergency medical supplies
- updated go bags
- added more .556/9mm
- bought a shit load of batteries
- bought more 5442’s for inventory
- upped gasoline storage from 4 to 8 5gal tanks
- added some emergency rations
- buried another $5k in the backyard
I get the hyperbole in making the comparison. I wonder more about comparing US DEBT instead of DJIA. thoughts???
Looks like a big Green Day shaping up, good luck guys.
WOW! Look at #GNRC - why don’t I get a heads up on those ?
WOW! Look at #GNRC - why don’t I get a heads up on those ?
MikeLud1
IPCT Contributor
Hopefully I can makeup all my losses from yesterday, SCHD being the greatest, in premarket it is already at $34.01.
