The Wheels Are About To Come Off This Bubble

Sunday, November 15, 2015
By Paul Martin

by Eric Peters,

New car loans used to be 36 months (three years) and then 48 months (four years). Back when the economy was sane. Today, the typical new car loan is 72 months (six years). This is almost double the formerly typical length of a new car loan. But even that is not – apparently – enough to keep the music playing. Enter the eight-year loan… Are people really that stupid?

The Rest…HERE

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