Comments by "Lepus Felix" (@MasticinaAkicta) on "Car Repos Are Exploding - The Sign of a Bad Economy" video.

  1. The best part about LOOOOONG Term car payments. At the point you paid of the car you already are on your 2nd and almost 3rd car. Seriously there is a reason car loans can't be extended forever. It is a good that will lose value and will lose trustable use over time. You are putting money into a good that is losing value. Actually the moment you bought it, it already lost 30-40% of its value. So you are directly underwater.
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