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Old 02-13-2019, 06:24 PM   #2612
ghak99 ghak99 is offline
MVP
 

Join Date: Jan 2007
Location: Missouri
Casino cash: $1682250
Quote:
Originally Posted by Great Expectations View Post
Auto lenders are having a rough time. I imagine that credit card lenders are doing the same right now, but with less collateral.


https://www.cnbc.com/2019/02/12/a-re...-payments.html
The auto industry, more so the lending side, has been due for a serious correction for quite some time.

Trucks cost too much. Buying a basic model is damn near impossible and the terms they'll give you are WAY too long. Too many idiots only see the per month costs and roll into the next one without thinking about the length. Before they know it, they're driving a vehicle that isn't even worth paying off. It's only a matter of time before all the ignorance wads up in a ball of fire for both sides.
Posts: 8,266
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