I read today that banks are pulling back from car dealerships and many have cut their maximum loan length to 72 months from 84.

Then my brain rebooted.

An 84-month car loan? Seven years? And paying markups of over $60K on the car, too? 🀯

#autoloan #finance #lending

@major crazy! Last time i bought they were pushing "how much do you want to spend a month?" Never mentioning the length.of the loan.
@nsartor OMG, I must admit that I fell for that "how much can you pay per month?" trick once in my past. Never again. 😞