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Consumers in Many U.S. Cities Are Overextended on Auto Loans, Study Says

Edmunds.comEdmunds.com Posts: 10,046
edited September 2014 in General

imageConsumers in Many U.S. Cities Are Overextended on Auto Loans, Study Says

Consumers in many U.S. cities are overextended on their auto loans, according to a new study.

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Comments

  • csubowtiecsubowtie Posts: 143
    Shocker! Americans are using credit to spend more money than they have! The funny part is that most of them are spending all this money for cars with features they will never use. But the manufacturers love to lump features into packages, so the only way to get what you want is to buy a boat load of other crap. That and the good 'ol marketing crap of "standard". Sure our car costs $4k more, but check out the heated floor mats... "standard", and the Navigation with European roadtrip planning software..."standard". "The competitor would charge you $2k each for those two options".
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