> Financing is a cancer upon many industries, and cars are no exception
I agree. Debt itself is poison.
> auto makers would be forced to offer more affordable vehicles.
There are multiple cars on the market in the US that you can buy for $20k or less. Adjusted for inflation, I don't think cars have ever been cheaper than that. It's hard to see how they could pare the cost down much lower.
The low end of the market is fine. The high end is insane. And 9 year loans are making the high end accessible to people that shouldn’t, but this also applies upward pressure on prices at the high end.
I agree. Debt itself is poison.
> auto makers would be forced to offer more affordable vehicles.
There are multiple cars on the market in the US that you can buy for $20k or less. Adjusted for inflation, I don't think cars have ever been cheaper than that. It's hard to see how they could pare the cost down much lower.