|
El Duderino
Join Date: Feb 2011
Location: The Forgotten Coast
Posts: 5,843
|
1/3 of new car loans are longer than 6 years. That is up from 10% over a decade ago.
https://www.wsj.com/articles/the-seven-year-auto-loan-americas-middle-class-cant-afford-their-cars-11569941215
This article states that dealers are making more money off the loans than the cars they sell. I heard recently from a friend that if you’re paying cash at some dealers, they aren’t as accommodating. There is apparently no shortage of people who are willing to pay more through dealer financing. (that was pre-coronavirus)
__________________
There are those who call me... Tim
'83 911 SC 3.0 coupe (NA)
You can't buy happiness, but you can buy car parts which is kind of the same thing.
Last edited by tirwin; 05-20-2020 at 05:40 AM..
|