this post was submitted on 14 Mar 2025
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[–] PeteZa@lemm.ee 17 points 4 hours ago (1 children)

I didn’t think they were defending it. The reality is some people live in a bubble and don’t pay close attention to the media, and switching cars is not exactly an easy thing to do without getting fucked over.

Many people are upside down on their car note, and when you trade in with negative equity on a car loan, that negative equity gets added to the new loan balance. It’s kind of a big deal for the average person.