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Very southern Mn | I agree junk fun and batmick. Groceries you need to eat. I agree That is a stupid comparison. 0 zero down loans will be underwater, 20% down loans probably won’t be or at not very much. If you don’t have 20% down or at least enough equity in your trade, maybe one should think it thru. Banks financing vehicles that are under water from beginning, especially when you add in another underwater vehicle before you start, is irresponsible for everyone involved. It seems as consumers as a country as a whole, get dumber with the more education we supposedly have. Making a decision to buy a 50-100000 vehicle, based only on what payment will be without understanding what you are getting yourself into is financial suicide. How many working years does average person have to make crazy payments on an old car for 6-8 years and than do it again. As Maine said, by the end or even middle of the loan term, a major breakdown or even a little one could be disastrous. Many of these loans are made on used cars that are already 4-6 years old so that compounds the problem.
Edited by jdironman 8/2/2026 18:09
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Car loans
