Money & Economics

[bigredfish]

Thats 2. Not a good sign

 

[bigredfish]

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.

 

[Chokolinho]

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.

Just a usa thing ?

 

[bigredfish]

Likely.

 

[bigredfish]

Huge retail numbers beat!
Must be folks spending that $5K in anticipation of being reimbursed?

Or real inflation as opposed to that reported?

 

[MikeLud1]

Must be folks spending that $5K in anticipation of being reimbursed?

I spent mine already, bought some more SCHD

 

[bigredfish]

 

[bigredfish]

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