More Than 1 in 5 New Car Buyers in the U.S. Are Taking Out Loans of 84 Months or Longer

www.roadandtrack.com

cross-posted to:
latestagecapitalism@lemmy.world

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More Than 1 in 5 New Car Buyers in the U.S. Are Taking Out Loans of 84 Months or Longer

www.roadandtrack.com

return2ozma@lemmy.worldBanned from community to

News@lemmy.world · 3 months ago

cross-posted to:
latestagecapitalism@lemmy.world

More Than 1 in 5 New Car Buyers Taking Out Loans of 84 Months or Longer

www.roadandtrack.com

A rising percentage of American new car shoppers are stretching out their payments for seven years or more.

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Lemming6969@lemmy.world
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3 months ago
Under 3% I’ll take the longest loan I can… It’s free money. Above 6 it’s a perpetual loss. 4 or 5 is borderline.

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