Quote:
Originally Posted by MetroMPG
... Then again with 96 month loans, the difference between a Fit and a Civic essentially "disappears" when you only look at the monthly payment amount.
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The debt load, though. I know you know this but it has to be said. People are borrowing for a car the way they used to only borrow for a house. Last year, I remember hearing about 72 and 84 month loans for the first time. Apparently USAnians were on average rolling-over $5,000 of debt (on average) from their trade ins. The debt outlives the car! Pure exploitation of the financially inexperienced and automotively unskilled.