Posted on 04/05/2020 12:40:11 PM PDT by RomanSoldier19
The average new-vehicle loan term in March was 70.6 months, the longest ever, according to a new research report. Loan lengths have been steadily climbing in recent years alongside the price of new vehicles. Average monthly payments also rose, hitting $573. In March 2019, average monthly payments were $553.
(Excerpt) Read more at caranddriver.com ...
I like to watch CharlieBo313s videos of various hoods around the country on YT.
Dilapidated buildings, trash everywhere, but nice cars!
I’ve seen a lot of 2 year old luxury cars on the market lately.
Just refinanced 9 month old car for 0.99% for 72 months.
Closing on home refinance this week.
84 months zero interest at the Chevy dealer in Charleston SC.
Gotta buy it new.
Americans do have the right to do dumb things.
I’ll keep the partly apart K5.
One day it will get there.
My jeeps are further along.
Like vote for Democrats.
I was at a grocery store a few weeks back and there was a 78 F150 longbed in the parking lot.
High school kid owned it.
In fairly good shape.
I never liked that style.
My advice to hom was to hold on to it.
As much as cars cost these days, I’d think a 30 year loan
would be more appropriate.
Is that clip from the old Stern laser video game “Cliff Hanger”?
The K5 is a classic. I had a few.
Best advice ever for that kid. Hope he listens.
Bought a ‘97 Civic brand new. Three years ago, with only 165 k miles on it, I invested $3k in it. I just turned 62, hoping it is the last car i ever buy.
Yes. And that’s why car loans are creeping towards six and seven year terms. Zero interest.
But a wise buyer will always balance zero interest rates against rebates, discounts and cash off MSRP when in the finance office.
84 Month ZERO Percent Loans are the way to go. Free Money...
Making me think about buying a new Pickup Truck while I wait for my C8 Corvette Convertible to be built.
They are even delaying the first payment on those 84 Month Loans for 3 to 6 Months.
Just in time for the Market to recover after the overblown Kung Flu Models were an epic fail.
It’s not really “free money.” If you take one of those 0% financing deals you’re usually giving up some kind of discount that you could negotiate for yourself if you paid cash for the vehicle.
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