Cruel Conservatives
The Young Turks
00:00
The Insane Cost of Finance
In 2000, Americans had less than $600 billion in motor vehicle loans outstanding. By the third quarter of 2022, Americans owed just shy of $1.4 trillion on car and SUV debt. The price of new cars rose 20% between 2020 and November of 2022 - the sharpest increase on record. When we come back, we'll talk about the insanely astronomical price associated with financing auto loans.
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