Quote:
Originally Posted by khell86
Ford's finance's profit was down 21% from rising delinquencies. It's happening to everyone. Inflation is sky rocketing and people are being dumb and taking out huge 72 and 84 month loans just so they can afford a nice car. Eventually the shit's going to hit the fan again.
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Yep, it is falling apart again and it was never fixed the first time. Too many people walk this earth living way above their means, with businesses and governments pushing them to do so
72 to 84 months on a car is insane. My wife is a banker ,and they always had the feeling that if you need to take a 60 month loan on a car it's more then you should really be buying.
I wish everyone got the chance to own their own business for just one year. Then they would find out quickly what true needs are over wants. They wouldn't look at just the monthly payment either.