News@lemmy.world · 1 month ago

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

202

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.world to

News@lemmy.world · 1 month 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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W98BSoD@lemmy.dbzer0.com
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1 month ago
Doing that now. If you can comfortably afford it it’s the way to go. The problem is many many many people can’t afford it or don’t qualify.

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