[quote=scaredyclassic]Cars probably wouldn’t cost that much less without financing. They have long useful lives and help generate income. Financing at low interest therefore a good idea.
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Cars are a status symbol for many, and another large segment of the economy. NEW cars are not a necessity.
If there were no new cars produced for the next 10 years, I don’t think that there would be a shortage. Older cars would be kept running, people would still be able to get around and there would be a lot less debt carried.
If financing was not available, I think that cars would be selling for less.
If there were no new clothes produced for 10 years would people be walking around naked ??
