Record number of defaults on auto loans - Toyota Yaris Forums

bronsin · 03-12-2019, 12:55 PM

Could this lead to a recession? I’m hearing 7 million people have defaulted on their car loans. Considering the average car is well over $30,000, that’s almost like the mortgage defaults into thousand and eight leading to a recession. Add in the record number Of the faulted college student loans and we may have a big problem!

Could all the safety regulations be making cars so expensive that defaulting on the loans will come back to bite us in the ass? How about trucks? Those damn things are like $50-$75,000 now. And people don’t seem to have a common sense that they can’t afford these things.

03-12-2019, 12:55 PM	#1
bronsin Drives: 2009 Base Hatch 2 Dr Auto Join Date: Dec 2008 Location: nj Posts: 4,790	Record number of defaults on auto loans Could this lead to a recession? I’m hearing 7 million people have defaulted on their car loans. Considering the average car is well over $30,000, that’s almost like the mortgage defaults into thousand and eight leading to a recession. Add in the record number Of the faulted college student loans and we may have a big problem! Could all the safety regulations be making cars so expensive that defaulting on the loans will come back to bite us in the ass? How about trucks? Those damn things are like $50-$75,000 now. And people don’t seem to have a common sense that they can’t afford these things. __________________ Synthetic Oil: Its All In Your Head