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Car Repossessions Surge 23% as Americans Fall Behind on Payments (www.bloomberg.com)

submitted 3 months ago by return2ozma@lemmy.world to c/personalfinance@lemmy.ml

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[–] sugar_in_your_tea@sh.itjust.works 4 points 3 months ago* (last edited 3 months ago)

Exactly. Auto loans are relatively short-term, and you're probably more likely to default relatively early into the loan than later, esp. since you would no longer be upside-down later on.