this post was submitted on 23 Jul 2024
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Fuck Cars

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A place to discuss problems of car centric infrastructure or how it hurts us all. Let's explore the bad world of Cars!

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Vehicle owners who are upside down on their auto loans owe more than ever before. The average amount owed on upside-down loans climbed to a record high of $6,255 in Q2 2024, compared to $4,487 in Q2 2022.

EV owners with negative equity owe more money on their car loans than owners of ICE vehicles. The average amount owed on all EVs traded in for a new vehicle purchase with negative equity climbed to $10,326 in Q2 2024

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