Quote:
Originally Posted by Eleazar
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
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let alone the insurance....
I haven't had a car payment since 2006.
Good friend of mine leased a sweet GMC truck..time to return the truck, wanted to give him a lesser model on the new lease for what you quoted. Eight bones. Bought a 2015 Mercedes from an older gentleman with 27k.
It's obscene. Houses used to be these prices.