Area Economist ... does not understand how auto loans work? WTF is going on is this thread. https://twitter.com/graykimbrough/status/1303154587080294407

Is this more "lets dunk on people who have consumer preferences than I do", I'm on a roll today.

The monthly payment on a 0%, 72 month loan for a $40K car is ... $556.

"overpaying" for a new car is fine if you don't want to deal with the bullshit of trying to figure out if your neighborhood mechanic is grifting you, and you just want shit that works. Otherwise why buy an iPhone?

Isn't there a whole subfield of economics devoted to this?

THE AUTHOR OF "THE MARKET FOR LEMONS" WON THE NOBEL* PRIZE IN ECONOMICS

* technically it's not a "Nobel" prize, but you get me.