Karen Consumer

Consumer Sentiment Deteriorates Further

As a result of a car accident that totalled my car on 2/25/09, I HAD to buy a new vehicle. not "new" new, a used 2007 replacement of my 2000 year car. I got financing, its %17.99 interest on a 13k loan with $3,500 down payment (cash from the previous car being totaled insurance payment plus savings) but I feel damn lucky to get the loan. Now I have a $333 per month payment I didn't have before, but at least my tax cut ($10 per month) will cover the increase of my full coverage insurance ($7 per month).

But I'm not pessimistic about the short term future, no, not at all.