Just 10% of new car listings are currently priced below the $30,000 mark, after years of price increases have made vehicles unaffordable to millions.
    • ryathal@sh.itjust.works
      2·
      1 year ago

      People have been rolling negative equity into new car payments, and claiming to be smart because rates were so low… rates aren’t low anymore and that risk is being realized.

      Financing a car is a poverty trap.