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JP2205 t1_iuh911c wrote

Reply to comment by Careless-Pin-2852 in The terminal rate does not need to go above inflation. by nonasiandoctor

People still buying overpriced cars with 6% loans?

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Careless-Pin-2852 t1_iuhnrod wrote

Yes. It feels like volume is down but people are still taking g Big loans for 4 year ild cars.

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JP2205 t1_iuhnyno wrote

Thats crazy. Im seeing pickup trucks for 50k and with 80000 miles on them. At 6% wondering who the hell wants a $900 car payment plus extra insurance. Doesnt seem like this is gonna end well.

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Careless-Pin-2852 t1_iui4f37 wrote

It needs to end with people taking the bus. That is not inflationary plenty of space on the bus.

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