If you are thinking about buying a car, I would wait:
- ZeroHedge – The Next Subprime Crisis Is Here: 12 Signs That The US Auto Industry’s Day Of Reckoning Has Arrived and The Auto Industry Is About To Drive Off A Cliff, Again
- Bloomberg – Auto Sales and the Stock Market
- MarketWatch – Here’s why it’s getting harder to ignore rising subprime auto defaults
I need to buy an extra car for the family, but with all these sub-prime cars coming off leases, there is going to be a major glut of used cars, with some banks predicating a 50% crash in used car prices. I will be waiting for the panic – because it is great to have capital when others are desperate!
Extra – if you have time, this is a great article (you can actually watch all the car chases) – but I would have listed Bullitt as Number 1:
- Business Insider – RANKED: The 28 best car chases in movie history
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