The biggest monthly expense for many people such as Americans.
Often can be financial traps for poorer people, as predatory car loan companies have been charged with collaborating with sleazy car dealers to increase loan principals. (The total loan amount)
Car loans often start off "cheap" to pay but monthly and finally increase to an astronomical cost for the buyer, often higher than what the car is worth.
Also, people may have their car stolen or totaled, or lack insurance and without gap insurance they still have to pay the loan.
Finally, car loans are a very common reason for people's cars to be repo'ed/impounded.
Often can be financial traps for poorer people, as predatory car loan companies have been charged with collaborating with sleazy car dealers to increase loan principals. (The total loan amount)
Car loans often start off "cheap" to pay but monthly and finally increase to an astronomical cost for the buyer, often higher than what the car is worth.
Also, people may have their car stolen or totaled, or lack insurance and without gap insurance they still have to pay the loan.
Finally, car loans are a very common reason for people's cars to be repo'ed/impounded.
I got myself into a really bad situation. I just got an expensive car loan for a car that isn't even that new or reliable. Now I have to work overtime for a year or two to dig myself out of this situation and that loan company is trying to find every reason to impound my car!
by rfrsiopgjdog October 15, 2025
Get the car loanmug. by TheRealGuest October 19, 2022
Get the Car Metabolic Ratemug. by ball destroyer9000 January 31, 2023
Get the carmug. by Knne December 19, 2022
Get the Knee-carmug. An Car refers to an old/run down car that has been restored to a point in which: It starts, Moves forward, The doors lock and the brakes work.
by Mr_Very_Inconspicuous March 6, 2023
Get the An Carmug. In defense of a dying retired child soldiers genocide survivor who is literally dying on devils night ever car dealers in North America is being hit by a shower of automatic gunfire from a gang sedan
by Cody5050 January 27, 2022
Get the 80 cars for 1004 woundsmug. by CP Rails April 15, 2023
Get the Car Washmug.