Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
ponector
57 days ago
|
parent
|
context
|
favorite
| on:
New-Vehicle Avg Price Hits Record High in Sep, Sur...
That is exactly what they are doing. It's common to have negative equity in car, just roll to the next auto loan.
lotsofpulp
57 days ago
[–]
Suppose you are buying a new car for $30k, and you owe $10k on a car that would sell for $5k.
A dealership would take the car worth $5k and lend you $35k?
ponector
57 days ago
|
parent
[–]
Exactly! And with high interest rate, like 15% for 8y. 3 years later you can roll over debt into the next new car.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
