Quote:
Originally Posted by lewdog
But mostly because many Americans are ok with having car payments that are as much as their mortgage. Why have lower prices if people are ok just taking loans for the price you're asking? The consumer has let car prices get crazy in the last decade.
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Yeah, that's definitely true. You wouldn't have been able to sell a lot of $50,000 trucks before these extended loan terms came about. But now that people are stretching them out to 72 or 84 (!) months, they think "Well $800-900 a month isn't so bad..."
Dude, you're going to buy a $50,000 truck and end up paying like $75,000