Many punters have been saying the auto loan industry now is the equivalent of the housing loan industry of 2006-7.
And there is growing evidence it’s falling over the edge. This question gets to the heart of the matter:
To better understand the effect, we need to put ourselves in the shoes of the consumer.
What would you prefer to buy… a used 2016 Malibu with 24k miles for $19,599 or a new 2017 Malibu for $18,242?
End of quote.
This article is worth a read.
Watch this space.
Richard
Check out the extraordinary new, life-changing technology at www.magravsplasmaproducts.com
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