American Financial Services Association

Detroit Three Expect $25 Billion -- So Who Bails Out Americans' Missing Car Payments?

Steve Parker | Posted 10.25.2008 | Business


Steve Parker

It used to be said that a house was the largest expenditure in any person's lifetime; but if someone buys five or more new cars over 40 or 50 years, those purchases could easily cost more, in total, than their home.