On: Car insurance in America is too cheap

[sokoloff]

Unless you’re going to put 40% down, you’ll have a day when the loan balance exceeds the value of the car.

My last car loan was at 0% (meaning the only cost of financing was the insurance company profit on the collision policy that I had to take because of the loan). No way am I putting down 40% on a 0% loan.

I could have charged the car on my credit card for the points and paid it off 45 days later; it’s not a matter of being able to afford it.

[kube-system → sokoloff]

Not at all, something like a used Tacoma on a short financing term will not need anywhere close to a 40% down payment to stay above water.