WSJ: The Seven-Year Auto Loan: America’s Middle Class Can’t Afford Its Cars

As the title says, people are getting 7 year loans. Pretty ridiculous as I can lease my car 3+ times (9 years) for the equivalent of what someone will pay for their car. Considering the maintenance the "equity " they have in the car isn’t really worth it.

A post was merged into an existing topic: Negative Equity - wsj on long car loans