Slacker News Slacker News logo featuring a lazy sloth with a folded newspaper hat
  • top
  • new
  • show
  • ask
  • jobs
Library
← Back to context

Comment by floatrock

7 hours ago

US car companies became banks that happen to make cars.

How much would you like to pay for that 80k new truck? Sure, we can give you that monthly payment, lets just structure it as a 10-year loan where you end up paying twice that on a rapidly depreciating asset. Boom, we've just sold two cars and only had to manufacture one.

0 comments

floatrock

Reply

No comments yet

Contribute on Hacker News ↗

Slacker News

Product

  • API Reference
  • Hacker News RSS
  • Source on GitHub

Community

  • Support Ukraine
  • Equal Justice Initiative
  • GiveWell Charities