Midway through 2023 it's clear that many buyers still want sedans over SUVs, as evidenced by strong sales performance from several automakers in this segment.
They know. This is why they are extending the number of months for paying off the car. 36 month car loan moved 60 month, then 72, 84, now 96 month car loan. We are not far from there being 10 year car loans.
Something has to give. The average car payment is pushing close to 1k a month now. This is simply not sustainable.
They know. This is why they are extending the number of months for paying off the car. 36 month car loan moved 60 month, then 72, 84, now 96 month car loan. We are not far from there being 10 year car loans.