CNBC VIDEO: How Americans Are Struggling With Car Loans
#1

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#2

Do read the comments at YouTube. Gives you an insight into car dealerships and all the shady stuff.
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#3

Congress can just pass a bill to write-off all car loans.
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#4

(09-08-2023, 10:18 AM)mikotan Wrote:  Congress can just pass a bill to write-off all car loans.

They cannot even pass a bill to write-off all student loans because the Republicans don't support it. Biden ends up pardoning US$39B of US$1.78T of student loans through some loopholes instead.
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#5

cheap secondhand cars under $7k still have loans issue..? We can closed both eyes buy 10 in a go if wanted, provided staying in the USA.

They really enjoy. The World belong to the young.
https://youtu.be/1zr-nkTTgdU
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#6

A car in USA cost around S$70K.

Singaporeans will look at this price and consider it cheap as hell


[Image: SuU8vIT.jpg]

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#7

If I make this statement

Singaporeans are struggling with car loans because cars in Singapore are more than 3 times the price in USA

Is the above statement true?

If true why worry about Americans struggling when Singaporeans struggle even harder.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#8

(09-08-2023, 11:22 AM)sgbuffett Wrote:  If I make this statement

Singaporeans are struggling with car loans because cars in Singapore are more than 3 times the price in USA

Is the above statement true?

If true why worry about Americans struggling when Singaporeans struggle even harder.
I notice high car prices taking effect on our roads, with lesser cars which is a good thing. impo.
 different societies applied different formulas. Big Grin
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#9

(09-08-2023, 11:22 AM)sgbuffett Wrote:  If I make this statement

Singaporeans are struggling with car loans because cars in Singapore are more than 3 times the price in USA

Is the above statement true?

If true why worry about Americans struggling when Singaporeans struggle even harder.

Most probably the statement is not true. In US, a car is almost a necessity (some rare US cities like NYC, one can get by without one, depending on where one lives).

In Singapore, one can get by without a car easily. So most Singaporeans probably don't own a car (like me) and thus will not be struggling with a car loan.
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#10

Bought one big new second hand for usd 2k only. After 2 yrs sold for usd 1.5k. The lady buyer screamed at the big car boot, omg, it's so huge, can put all my monthly groceries in it. Amk love cars with big boot
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