Record number of defaults on auto loans - Toyota Yaris Forums

Hamster · 03-12-2019, 10:53 PM

I don't think it's all the safety regulations. Yes, that adds to the cost of cars, but it's not really that bad. Car prices are still very reasonable. A Kentucky-made Camry LE can be had for as low as $25,000 MSRP, with of course the actual purchase price being a few thousand dollars less than that. I think it's all the SUV's. Pretty much any SUV will cost tens of thousands of dollars more than what a car costs. Everywhere I look I see SUV's, and I don't understand how everyone suddenly became able to afford one. Well, probably they can't. Banks are handing out auto loans like candy. Someone in my family bought a SUV, specifically a fully-loaded Jeep Grand Cherokee, with a loan, for $50,000. And trust me, everything this guy owns is paid for with debt.

03-12-2019, 10:53 PM	#7
Hamster Drives: 2009 5-Door Liftback Join Date: Jun 2011 Location: Columbus, OH Posts: 333	I don't think it's all the safety regulations. Yes, that adds to the cost of cars, but it's not really that bad. Car prices are still very reasonable. A Kentucky-made Camry LE can be had for as low as $25,000 MSRP, with of course the actual purchase price being a few thousand dollars less than that. I think it's all the SUV's. Pretty much any SUV will cost tens of thousands of dollars more than what a car costs. Everywhere I look I see SUV's, and I don't understand how everyone suddenly became able to afford one. Well, probably they can't. Banks are handing out auto loans like candy. Someone in my family bought a SUV, specifically a fully-loaded Jeep Grand Cherokee, with a loan, for $50,000. And trust me, everything this guy owns is paid for with debt.