The reason prices on cars have gone up this far is because of the financing terms. 20 years ago you had to pretty much go to a credit union to get 60 months on a vehicle.
Now I would bet the average term is 84 months.
This has been trending this direction since the 2008 crisis with all the big bailouts we gave the Auto makers back then. They changed the money game and we are nearly to the point a vehicle costs 2x as much as it did before we bailed them out.
It's rigged. This is the real problem with vehicle prices... they know people are stupid as hell and therefore have decided to lend on anything at any term to get the payment where it needs to be.
Crooks.
