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Non-Tech : Kirk's Market Thoughts
COHR 154.52-3.0%Nov 7 9:30 AM EST
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To: Kirk © who wrote (2125)10/16/2014 10:12:26 AM
From: Jerome  Read Replies (2) of 26439
 
Morning Kirk,.....Do you think that excessive auto loans, and excessive student loans will create a new financial crisis?

My thinking on auto loans for a new car.

1)Some money will be saved on gas because of better fuel efficiency.

2) But this will be offset by higher insurance premiums and much higher registration fees.

3) Month to month gas purchases may vary greatly. Necessity driving is a given, but recreational driving is optional.

4) But the payment for a new vehicle comes due every month, rain or shine, for many months to come. And this creates a drag on family lifestyle.

5) New cars and new relationships often prove to be more expensive than anticipated.
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