4 ms·
people can't afford cars, simple as that. otherwise loan terms wouldn't be 84 months.
by dzonga 7y ago
people can't afford cars, simple as that. otherwise loan terms wouldn't be 84 months.
- mywittyname 7y agoCar manufactures favor margins over moving metal. They've learned that long loan terms don't reduce sales, as most people define affordable to be, they can afford the monthly payment. And since manufactures own the lending arm, and the sales arm, they enjoy higher margins, plus more in interest payments. Not everyone is going to qualify for that 0% interest. Plus, it keeps dealers happy because they can squeeze in bullshit fees to pad the sale price.