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

7 year car loans? Who wants to own a 7 year old car? and then turn it in to take out another loan?

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