[Toddsterpatriot]

But then a car loan was 3 years. Now it can be 7. What does that tell you ?

It tells me consumers now have more choices.

[Sam the Sham]

But then a car loan was 3 years. Now it can be 7. What does that tell you ?

It tells me consumers now have more choices.

Frankly, that made no rational sense whatsoever. If the car loan has to be stretched because the consumer can no longer afford to buy a new car in 3 years, and the price of the car is the same adjusted for inflation, obviously the buying power of the purchaser has dropped considerable from 1970.