this post was submitted on 15 Oct 2025
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Fuck Cars

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[–] Idreamofcheesy@lemmy.world 17 points 1 week ago

It isn't as optimistic as that. If I understood it right, it's just a couple used car private equities that did some shady banking in order to not have to use their own money to pay for the cars they were selling, then going bankrupt because the customers couldn't keep up with the over inflated monthly payments.

So the only people that were screwed were the customers. The "companies" that declared bankruptcy were likely just shells playing with other people's money. Used car prices are unaffected.