Yeah the rational is cars are lasting longer so they figure it's a safe loan. They also prey on the those buyers to come back and flip the debt into another car repeatedly and with 96 month loans it's possible. Reminds of the the cash for clunkers deal that saved the auto industry by removing faulty cars with potential recall off the road into newer cars.I feel ill if I take a 5 year loan, I know a guy who just bought a pickup on an 8 year loan. I find it criminal but the creditors allow it so I guess I'm in the minority.
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