10 July 2025

Transportation

I read the average car loan now extends to 84 months. Seven years. Which also means many people will be upside down on their cars value - meaning they owe more than the value of the car…. You can only fold so much negative equity into a new loan before it becomes too much of a risk. Then that means there will be lots of opportunity for automotive repair.  

I wonder if it will get to the point people have to utilize debt to have their car fixed?
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