Money & Economics
- Thread starter bigredfish
- Start date
This is fucking nuts!
100-month car loans are now a thing. Kelley Blue Book data shows 31.3% of auto loans issued last month were for 72 months or longer, with more and more at 100 and 120 months.
57.4% of new auto loans last month carried negative equity, meaning the buyer owed more on their trade-in than it was worth.
Most of them rolled that old debt into the new loan.
100-month car loans are now a thing. Kelley Blue Book data shows 31.3% of auto loans issued last month were for 72 months or longer, with more and more at 100 and 120 months.
57.4% of new auto loans last month carried negative equity, meaning the buyer owed more on their trade-in than it was worth.
Most of them rolled that old debt into the new loan.
