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Not long ago, the price crossed $30k. I was surprised. It seems that it has moved past $50k only in the past few years. TBH, I'm shocked that the average is so
by _ea1k 3y ago
Not long ago, the price crossed $30k. I was surprised. It seems that it has moved past $50k only in the past few years. TBH, I'm shocked that the average is so high.
- KallDrexx 3y agoThe average is rising because dealers are pushing auto loans much longer than the previously usual 5 years. They are feeding people's lack of financial literacy with 7-8 year loans under the idea that you can buy a more expensive car while only focusing on the monthly payment.
- _ea1k 3y agoA shocking number of people really only look at the payment. You aren't wrong... sigh.