Quote:
Originally Posted by Snowwolfe
What I see coming is this: Once the chip shortage is over there will be a huge number of people who will be "upside down" on their vehicle loans. This will start a chain effect as many owners will simply walk away and stop paying on them. Those that don't will be stuck making payments for years longer than they anticipated which will prevent them from upgrading into a newer vehicle slowing down sales even more.
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Lol. Doubtful. In the history of car loans, almost everyone is upside-down…and there was no mass walk-away from cars or the loans.
As the market equalizes, all this will mean is people will have less equity. Life will go on. Bills will be paid. No doom and gloom.
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