Loading ...Good points Maddog. They won’t come straight out and admit it, that they want and NEED inflation in entry level tax payers wages. All prices including labor have to go up in unison with all other costs, to keep things even.
The low wages have been dragging the whole system down. Low rates are because of low wages. No more 3 year car loans. Now they are what, 5-6 year loans? Many people can’t even afford that, and have to lease cars instead.
They end up paying for HALF of the car by the end of the lease, and have to turn it back in, WITHOUT any damage, and low milage. They own NOTHING after 3 years of paying, then lease another car and continue paying forever.
$300 per month is $3600 per year. Plus now they need collision insurance because you don’t own the car. That covers a lot of auto repairs on a used car. Plus the used cars are so complicated due to gas mileage and anti smoke tail pipe laws, too hard to diagnose and expensive to fix. Nobody wants they either.