Posted on 09/07/2022 9:26:46 AM PDT by ChicagoConservative27
Bank Australia recently announced that it will stop granting loans for new fossil fuel cars from 2025 forward to force more people to purchase electric vehicles. Justifying the bank’s move, its chief impact officer proclaimed, “We think that the responsible thing for us to do … is to ensure that our vehicle lending doesn’t lock our customers in to higher carbon emissions and increasingly expensive running costs in the years ahead.”
But is making it more difficult for hard-working men and women to obtain affordable vehicles that run on reliable energy really the “responsible thing” to do? That’s exactly the premise that environmental extremists would have everyone believe, even though electric vehicles are significantly more expensive to purchase than vehicles that run on gasoline. Not to mention the fact that the asking price of an electric vehicle does not appear to be going down anytime soon.
(Excerpt) Read more at thehill.com ...
Agenda 21
How governments impose their fascist rules without ever passing a law. They collude with big companies and have the businesses violate the Constitution, and then promise the businesses that they will never be prosecuted.
At some point one must distinguish "drool-stupid" from "purposely-malignant" to get to the truth.
True, but if the car loan is 10% or less of your home equity you would still be “right-side-up”. Like any other big financial decision, you have to be prudent and weigh the risks of a housing market crash.
We’ve been through two housing crashes and our home has never lost more than 30% of it’s previous highest value. In both cases we still owed less than the value of the home. We thank God for that blessing.
You are correct that having a large sum of money available is tempting, but most folks who are bad at managing their money won’t have much equity in their home as they are prone to refinancing often and taking every cent of equity out.
I appreciate the advice.
As EV battery life comes to an end for millions of electric vehicles, look for thousands of for-sale ads for used EV’s to appear WITH NO TAKERS.
Freedom, isn’t it wonderful? (a statement made a long, long time ago).
“If you can’t afford to buy it 5 times, you can’t afford to buy it once” - Jaspreet Singh
Soon to be....
Freedom. Wasn’t it wonderful.
Essense of free market is people can choose and some win and others lose. Businesses adjust.
The vanilla and nonfat Dannon yogurts sell far less than the whole milk and regular or fruit ones. So Dems would force people to accept only the first two, or else?
Next will be government forced solar panels and/or windmills on everyone’s property to help generate electricity.
All of them owned by the government, of course.
Instead of the littering ad with the face of Iron Eyes Cody, the face of Liberty can now have a tear.
“US may do the same”
Pure Bull Shit.
Until the government leans on them.
The goal is that every non-electric is now a boat anchor.
I’m sure the collector car market will love this....NOT.
Maybe someone should ask Jay Leno.
A huge Biden supporter and car collector.
to force more people to purchase electric vehicles.
That said, weirder things have happened lately.
Because someday, you might want to sell it and they might need a loan.
“As EV battery life comes to an end for millions of electric vehicles, look for thousands of for-sale ads for used EV’s to appear WITH NO TAKERS.”
For sale? These things will be a liability, not an asset by that point and you will have to pay someone to come and dispose of it.
Cheers.
“We think that the responsible thing for us to do … is to ensure that our vehicle lending doesn’t lock our customers in to higher carbon emissions and increasingly expensive running costs in the years ahead.”
That is so nice of them. True humanitarians, those Aussie Banksters.
They already are in CA.
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