“It’s likely due to a few factors,” Jay Martin, senior vice president of finance and accounting, said. “Obviously, the end of stimulus and supplemental unemployment benefits, and perhaps it took a little while for consumers to work through the savings they had accumulated during those programs. And then I think the other thing that’s impacting the consumer out there is just the inflationary environment.”
With that line of thinking, I wonder where repossession numbers are. If you could not afford a loan before COVID (when rates were down and prices were too), now is not the time to start getting choosy. But now they are like; it is time to get:
Postponing the student loan payments has severely hurt people, more than it has helped, imo. This Hans been realized yet, but it will be apparent for the loan companies. Unless that additional available cash flow has been invested…the loan payments should’ve been made to gain ground while the interest is free.
All we’re doing here is delaying the inevitable (and I’m speaking for the general population). The sale principle applies for these “no payment for 90 days” vehicle loans. Stupidity. If that makes your year, you should probably step back and look at the larger picture.Preformatted text
