Americans Now Owe $1 Trillion in Car Loans

[PMattras]

http://www.msn.com/en-us/money/markets/americans-now-owe-dollar1-trillion-in-car-loans/ar-BBnbe9b?ocid=spartandhp

[00Silverado4x4]

$1 Trillion...dang!!! For once I am not one of those that owe. Took long enough, plan to keep that way for a looooong time to come.

[jimlem]

Thank god for once I'm not the only guy on here all night.

[SleeperZ71]

This isn't surprising...the Federal Goverment is broke, the states are broke and the local municipalities are broke. The American consumer is tapped out and as the prices of cars spiral upward with the wageless economic "recovery" we've had it will only get worse. Hate to be a Debbie downer but the day of reckoning is coming!

[pm26]

I am not one of them. I owe exactly zero on all my vehicles. (and I have a lot of them). I actually started saving decent money when I quit financing cars and toys years ago.

[pm26]

This isn't surprising...the Federal Goverment is broke, the states are broke and the local municipalities are broke. The American consumer is tapped out and as the prices of cars spiral upward with the wageless economic "recovery" we've had it will only get worse. Hate to be a Debbie downer but the day of reckoning is coming!

With $ 18 trillion total national debt, the interest payments alone on that debt must be close to $ 1 trillion a year.