return2ozmaMar 6

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

https://lemmy.world/post/43936512

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

Lemmy

Show threadrobocall
7 year car loans? Who wants to own a 7 year old car? and then turn it in to take out another loan?
Mar 7 at 6:01amWeb
Show threadL3ft_F13ld!Mar 7

The people who can’t afford it, but don’t want anyone to know. These people don’t know any better and just keep trying to keep up with the Joneses.

Usually comes from either a lack of education regarding finances or watching their parents and other adults around them doing the same while they grew up.

Keeping up with the Joneses - Wikipedia

Show threadPtsfMar 7
The American public will do anything to live a better life, except demand fair wages.
Show threadUnderpantsWeevilMar 8

Who wants to own a 7 year old car?

I’ve got a Chevy Volt from 2018. Still runs great. Going to try and hang on to it for at least another couple of years.

I wouldn’t want to be paying a note on a seven year old car. My wife’s car has a three year note at 0.9% APY, and I can’t wait till that’s done with, even if the interest is nominal.