How are people going to afford a house if the price of auto's keep rising? Auto loans are a big obstacle to obtaining a mortgage. In the burbs, two people two cars, min. Americans buy stuff that needs to be towed. Jet ski's, campers, boats, etc. This increase is clearly aimed at trucks. Recreation is going to go in the shitter.
Autos will keep rising and people will keep paying, near me on any given day I see $40k+ cars on the road ALL day long. The lease or finance on some of these vehicles starts at $350+
Buy used cars. You can get a Ferrari for under $40k used... http://www.autotrader.com/fyc/vdp.j...=&max_price=40000&cardist=2539&standard=false http://www.autotrader.com/fyc/vdp.j...=&max_price=40000&cardist=2459&standard=false http://www.autotrader.com/fyc/vdp.j...n=&max_price=40000&cardist=746&standard=false