• Kairos@lemmy.today
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    30 days ago

    Part of me thinks this [the article] is entirely false due to the fact that as soon as someone buys a new car and finances it, they owe more on the loan than the car is worth due to the drive-off value drop (blanking on the actual name)

    But I didn’t actually read the article, and intuitively I know that the face value conclusion is very likely correct.