For a lot of Americans, auto loan debt continues to grow. Auto loan debt crossed over the $1-trillion mark in 2015 and has risen to more than $1.1 trillion since then, according to the Federal Reserve Bank of St. Louis.
Category: Wheels on a Budget Back to blog
Both paths have their pros and cons. But the ultimate answer depends on your lifestyle and budget.
Water wreaks havoc on a vehicle’s electronics, especially with the sophisticated technology in today’s vehicles. Water damages mechanical systems as well. Insurance companies write off many flooded vehicles as a total loss because of this.
These services haven’t blanketed the country just yet. For now, they are in a handful of big cities around the country. But the idea is starting to take hold.