20% of american buyers are spending over $1000 a month on car loans. 22.4% of new loans were 84 months or longer. It means someone who buys a car today will be paying it off until July of 2032
20% of american buyers are spending over $1000 a month on car loans. 22.4% of new loans were 84 months or longer. It means someone who buys a car today will be paying it off until July of 2032
The share of new-vehicle buyers who are spending over $1,000 is at 19.3%.
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The big beautiful bill added an item to allow new cars bought in 2025/26/27/28 to have the interest deducted from your gross income.
This won't save people much, but it's just going to reinforce the trend. I expect car prices to go up because of this.
What the actual fuck. Just redistribute the money like a normal person instead of creating subsidies for things with negative externalities.
Seriously? I'm almost impressed with how they're managing to help richer people out, encourage unnecessary consumerism and hurt the environment in so many ways that the average person can not understand or keep up with
Pack in that pork. 🐷