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Car loans are stretched to the 84 month and 96 months now (and they'll helpfully roll your last car loan into it too)
by htrp 7y ago
Car loans are stretched to the 84 month and 96 months now (and they'll helpfully roll your last car loan into it too)
- cr0sh 7y agoI know this info - but just reading it makes me wonder why people go along with the scam. I get it - I once had a car loan too; it wasn't even a new car (but I bought it from an actual dealer, so it wasn't some weird sketchy loan). Paid it off, had the car for a while, then it died and I moved on. That was the last car I financed, too. Since then, my wife and I only pay cash for used cars, and spend the extra money normally used for payments, for maintenance and upgrades on the vehicles (upgrades are on my side, mostly - I own a Jeep Wrangler - don't own one unless you like to throw money into a hole - but it's more fun than a boat, so there's that). We own our cars for as many years as we can, until it becomes more expensive to repair than to buy something else. But, there again, I think my wife will keep hers for as long as parts can be found for it (2013 Outback - solid vehicle), and I'll keep my Jeep until I can no longer get into it from age (then I'll probably just delete the lift and put regular tires on it). My VehiCROSS on the other hand...I'll cry the day I sell it, unless it's at a car show auction should it ever become a collectible. Heck - I'll still cry - I love that truck.