There's significantly higher demand for used cars than there was a decade ago, which has allowed banks to extend finance terms out to 96 months. For example, t

There's significantly higher demand for used cars than there was a decade ago, which has allowed banks to extend finance terms out to 96 months. For example, take a look at this depreciation curve for a Ford F-150: http://usedfirst.com/cars/ford/f-150/ http://usedfirst.com/cars/ford/f-150/ There is very little depreciation from 2017 - 2015, meaning that if you keep the truck in good condition, you can basically drive a truck for just its operational costs (fuel, maintenance, etc.) Not a bad deal assuming market demand stays hot for these vehicles.