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re: I can’t help but think a lot of people driving newer cars with upside down loans
Posted on 5/9/24 at 6:43 am to PeteRose
Posted on 5/9/24 at 6:43 am to PeteRose
quote:
I can’t help but think with a combinations of high car prices, people paying over msrp the past 2 years, high interest rates, and depreciating of cars that the value of these newer cars are less than the loans. So if you sell it, you have to pay out of pocket to get rid of the damn thing. That’s wild.
Gap insurance is $5 or $6 a month. Dealerships are selling a lot of it.
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