[1rudeboy]

What sort of circular reasoning is that? A financing-arm provides a product the public desires, and you claim it's a sign that people don't have money? What if they simply don't want to spend it at a faster rate? What if they want to take advantage of a low interest rate?

[Sam the Sham]

Not "desires". Needs. A car is a necessity unless you live in Washington or Manhattan. You can't choose not to have a car.

New cars have to compete with used cars and leases. If new cars could only be sold at 4 year terms, most people, balking at a $400+ monthly payment, would settle for a used car. So the six year term is an attempt to accomodate new car prices to the monthly budgets of most Americans.

What will you say when it's 7 or 8 year car loans ?