Britain's preferred car-loans are incomprehensible financialized garbage: what could go wrong?

LOL at “unreasonably” high. Cars are priced by the market, they’re extremely rational in that regards.

Also to the person who said it would be dumb to have an infinite car lease: eh? If I could pay $250 a month for the rest of my life and know that:

a) my car is 100% under warranty
b) no more than 3 years old

I’d be sorely tempted. Especially given the imminent rise in electric cars and self-driving cars, and the major push in the car industry towards newer features at zero additional cost, you’re really shooting yourself in the foot by getting into a 20 year attachment with a single vehicle.

And given the supply glut that will inevitably occur as self-driving / Uber / electric eat the market, you could easily see a more affordable $79 a month option for all the 8 year old Civics of the world.

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