It is right now. You just don't want to be holding the hot potato when the music stops. Paying the high prices then being stuck with it when the market corrects.
But at least with a 10-year loan, you can hold onto the car until the next bubble. haha
10 Year Car loans
- Thread starter GLADIATOR
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But at least with a 10-year loan, you can hold onto the car until the next bubble. haha
The average car in the US last year was like $40K. People need 84+ terms to buy a vehicle at that price. That's the sad part. If needing a 84+ term to buy any car is the new normal, I do not like that.
Also, people have to remember how these kinds of loans could do when applying for other loans.
Boat financing is around 10 years. That's how all these McHenry Millionaires afford $75k tooners.
Tell me they mean annual miles, not total. If total that's like $27 per mile. That can't be right.Here you go, lease for $4,999 a month with $19K down for 36 months.
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Yes you do, it’s like going bareback with a prostitute. Slam it in and worry about the outcome later.
The higher the payment, the bigger the risk, the more of the rush!
So it’s ok to finance a cigarette speed boat or a rolling shitter for 10+ years, but not an exotic car? Asking for a friend.
Just because you can, doesn't always mean you should.....
They really need to make basic personal finance and/or how to build credit a requirement in high school.
They really need to make basic personal finance and/or how to build credit a requirement in high school.
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