Our life are calculated in cars. Each defines an era, a stage in life from the clunkers we save for in high school to the shiny sedans we drive nervously off the lot after a promotion. Path trips, vacations, commutes, straight back seats saturated in children… American life takes place on tires.
Such as the vehicle, financial obligation can be a important section of us life. Figuratively speaking, insurance coverage re payments, mortgages – and yes, car and truck loans. We rent. We borrow. We add our households to your list that is long of loan data in order to find our put on American’s hill of personal debt. But hey – how else would we get where we have to get?
Here’s the cool difficult truth about automobile financing. [Read more…]