wanted33
Well-Known Member
- Joined
- May 30, 2014
- Threads
- 14
- Messages
- 701
- Reaction score
- 240
- Location
- Down South in Dixie
- First Name
- Jim
- Vehicle(s)
- 2018 GT Convertible, 2006 GT Coupe
And therein lies the problem. Now I'm the first to say that a person is responsible for their choices, and they must accept the consequences. But, these finance companies are pushing these loans on folks that (lets face it) aren't the brightest bubs in the box. So, there is is enough blame to go around here. I'm just thankful that I had a father that taught me the value of a dollar, and that I should never get into more debt than I could handle.Aren't a lot of the dealers/finance companies pushing loans out to up to 84 months now? That right there is nuts.
Oh sure it makes your payment look small but you never get out from underneath the negative equity in it really. You're always upside down. Trade that 84mo loan vehicle in and then you have to roll that negative equity into another 84mo loan and the vicious cycle continues.
It looks to me like the "Repo" man is going to be quite busy.
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