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The 'Car Loan' Trap, Explained
Streamed on:
365
Americans are drowning in $1.6 trillion of car loan debt — and most don't even realize how bad it is.
In this video, we break down the shocking truths behind today’s car market:
Why people are still paying off cars they no longer own
How dealers use psychological tricks to trap you in 84-month loans
The real cost of “monthly payments”
And what you can actually do if you’re already underwater
We’ll walk you through real examples (like a $50K BMW) and give you the tools to figure out your true “car cost” — and how much car you can really afford.
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