Home › Forums › Other › Car advice. New long commute › My advice is to wait 6 months
My advice is to wait 6 months to buy a car. The car market is experiencing extreme unprecedented deflation right now.
Carvana is in major financial distress and may go from a huge net buyer of late model cars to mass liquidation.
Lots of people underwater on subprime auto loans too, 20% and more APR.
Unlike with homes, you can let your car loan default and immediately get another car loan. Subprime auto loans are less regulated than mortgages.
