Consumers, salespeople and lenders are treating cars a lot like houses during the last financial crisis
A $45,000 LOAN FOR A $27,000 RIDE: More Borrowers Are Going Underwater on Car Loans. John Schricker took out a loan to buy a car in 2017. Then he took out another. And then another. In two years, the 40-year-old electrician signed up for four auto loans, each time trading in the previous car and … Read more