03.21.23 Auto Loan Debt Burden / Tech Product End-Of-Life Policies
The Clark Howard Podcast
00:00
The Problem With Late Pays on Auto Loans
The prices of used vehicles inflated 70% and they've now come down a fair amount. There was such a shortage of new vehicles that dealers were selling them way above manufacturer's suggest in retail price. You were having to pay far more for a vehicle than would be normal, then that pushed you to take out an ultra long-term loan on something rapidly depreciating.
Transcript
Play full episode
