Americans owe $1 Trillion on their cars

[BugI02]

Same here. There are all sorts of weirdnesses in the tax code, like for several years it benefited us to file separately and doing so really depressed the amount we could put in a Roth to the point it wasn't worth the trouble

 

[BugI02]

At a $trillion in liabilities, can it be long before somebody packages them in 'car payment backed securities' and begins hawking them as an investment

 

[JettaKnight]

At a $trillion in liabilities, can it be long before somebody packages them in 'car payment backed securities' and begins hawking them as an investment

I'm in!!! Hey, someone's going to profit on this, why can't it be me?

 

[Magneto]

Every time I look on Autotrader it is literally scary to me what decent vehicles cost. I consider vehicles financially evil. You will never make money on them, you can only hope to limit the loss on it. Not to mention repairs an upkeep.