Peter R. wrote:
On 5/23/2007 5:18:57 PM, "Dan Luke" wrote:

The whole country is floating on a huge bubble of debt. Individuals have
their maxed-out credit cards, 5-year car loans

Car dealers around my part of the US are now offering 6 year car loans! With
auto depreciation being what it is, there will be a lot of upside-down auto
loans out there in a few more years.


There are 7 year (yes, 84 month) car loans available as well. I'm not
sure this is such a bad deal as my 1994 Chevy truck is going strong
after 14 years. I bought it at the same time I bought my 182
partnership back in 1994 using a 7 year home equity loan for both. I
had the airplane 6 years, but the truck I still have! :-)

Matt