$80K for a Base Trim Kia. This Is Fine.
$934/month. 84 months. 17.5% interest. On a base model Kia Carnival.
That's nearly $80,000 for a minivan that stickers around $37k. She's paying for two cars and getting one.
And the Facebook comment section response? "At least she got a new car."
This is exactly how the predatory auto loan industry survives. Not because people are stupid, but because financial illiteracy is a feature of the system, and everyone around you will gaslight you into thinking this is just how it works.
A real-world example of predatory auto lending eating someone alive, while their community cheers them on, captures exactly how normalized financial ruin has become in America.
Source
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