Originally Posted by Goatkiller
The reason Automobiles cost what they cost is directly related to extended financing terms on auto loans. 20 years ago a bank wouldn't lend you more than 60mo. on an Auto Loan and that was actually more common with a credit union.

Now 100+ months.... No Problem, step right up here and let's get you singed up!

$40k @ 60 months vs $80k @ 96 months it's all about the monthly payments. We just got screwed by the banking regulations more than anything and that was also due to the 2008 crash that's when extended terms got rolling. This is part of what was meant to help bail out the Auto Makers IMO. Fastforward to 2022 and $100k isn't unheard of for a Car.

Just cause they cost $40-100k doesn’t mean you have to buy them.


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