Here's another good article about a possible sub-prime crisis in the auto industry. It appears the banks are being pushed into offering sub-prime car loans because of the money involved. These auto-loan backed securities could very well bust with the government again having to bail out the banks.
So what does this have to do with being carfree? Well I posted another video from Dave Ramsey where he states he'll ride a bicycle than take out a car loan! LOL!
http:America?s next big rip-off: Cars are the next subprime crisis! - Salon.com
US Auto Lending Stands At $783B, Up 15% From Last Year; Average Monthly Payment For A New Car Is $459