Cash for klunkers incoming. Poor people should not have access to used vehicle inventory at falling prices.
And you'll only be able to use the money to buy an EV.
I got an offer from Chase to finance a car at 7.49 APR. Yeah, that is fucking crazy. I think my last note was 1.99 APR.
I think I had something like 0.8% for the last car I bought. That was right before things went nuts.
I literally could not afford the house I have now, both because of out-of-control price increases and 8% rates.
It's also one of the biggest indicators that we're INSIDE the recession and not just moving towards it. Given how large the bubble is now, and how badly cash for clunkers fucked the used car market, it's going to be really interesting how this is gonna play out when repos go off the chain
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