I feel saddled with debt for my new Caddy. The government should forgive and takeover my debt and save me worry.
Maybe I should run out and get that CTS V AWD coupe that I really can’t afford. 640 horse.. Gitty up. Maybe my hubby could grab the escalade.. As it stands, I am looking at a low Mileage tt coupe, in a discount color, cash. Ugly, but fast.
The problem is that you’ll have to give the Caddy back. You can’t give a student loan back, as much as many kids would like to do that.
You’ll be able to get a good deal on a near-new Escalade within a year - just like you can hire a newly-minted psychology major with experience as a barista for pretty cheap too, if you can find one that works.
Student loans are going to be subject to bankruptcy sooner or later. Secured auto loans......not so much.
Hey, not all of us have Caddy’s! My F150 should be FREE!!!
In all seriousness, this is a similar thing to the subprine housing bubble. Many lenders are worried about denying loans for fear of being called racist.
And my F150 is almost paid off.
I agree!! I was coerced by pretty looks and shady deals into buying my Mustang! I did not do it of my own volition! and don't pay any attention to my credit rating and spotless payment history -- I deserve a break!