Monday, July 07, 2003

No Shit Dept.: USA Today discovers depreciation:
A large number of auto buyers owe more on their trade-ins than the vehicles are worth, making it tough for dealers, and expensive for buyers, to finance new purchases.
This is a front-page, below-the-fold story, which strikes me as pretty silly. Don't want to be caught in this situation? Don't take the 60-month note.

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