• @You999@sh.itjust.works
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    08 months ago

    The avarage used car loan in the United States is 26k. That price is not “out of reach for the vast majority of people buying used cars”.

    • themeatbridge
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      08 months ago

      The average is not the median, and there’s about 20% of the population living below the poverty line that can’t qualify for a car loan. If you exclude the top 10% that can afford much higher loans, that average goes way down.