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Peter R. wrote:
Car dealers around my part of the US are now offering 6 year car loans! Now? G I've seen 72 month loans for years, now 84 months is available at my normally very conservative credit union. On the other hand, there are lots of folks who have leased vehicles that they take a 5 year loan to purchase at the three year mark. A friend of mine who sells loans tells me this isn't a rare thing. |
#2
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On 5/24/2007 7:38:03 AM, B A R R Y wrote:
I've seen 72 month loans for years, now 84 months is available at my normally very conservative credit union. Ah, ok. I have been out of the need to finance a car for so long (I also don't drive new cars anymore and my current vehicle is about 8 years old) that I was unaware until recently that auto financing had moved up to those terms. 84 months is just insane. -- Peter |
#3
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Peter R. wrote:
84 months is just insane. I'm with ya'! How else can so many people drive cars that cost them a year's pay? G I live in an average, middle class 'hood, with neighbors with average jobs, and am blown away by the number of 50k+ cars on my street. |
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