How Inequality Killed the Affordable American Car by Harold Meyerson

[flvegan]

7. American financial illiteracy and ego killed the affordable car.

The carmakers just get a huge assist as the enablers they are.

Don't have the credit or downpayment? 8 year car loan @ 14% interest! It's only $450/month, and this 9 year old BMW will be all yours and the ladies won't be able to help themselves!

Underwater on your Altima? Roll that negative equity over and help yourself to some gap insurance! You don't have insurance? Well you're in luck. We can get you a binder for just one month down payment!"

"But I NEEEEEEEED a brodozer lifted F150RamErado to compensate...I mean, to get to work. A 2" lift for a 2" willy!"

"My breeder pair partner and I will be welcoming our 3rd child next month, at which point we'll start working on the next one. We simply must have the largest SUV. Please show us the Canyonero, in beige! We'll borrow against the current perceived equity in our house."

Smart money buys used anyway, mostly.