T1B

Papa Willie wrote:Jesus. I'd heard that a lot of places were going 7 years now, but 10? Holy fuck. That's dumb beyond words...

When the buyers have to stay in certain payment parameters, the way to keep the payment down in the affordable range is to run the term out. I don't know that much about how the balances of the debt affect credit ratings, cash flow is one thing and what your personal balance sheet looks like is another.

Hell it isn’t even 10 years. I see car ads all the time that talk about rolling your current note into a new car payment.

The auto industry is doing well. Gone are the days of 0% interest and a free Aveo with the purchase of a Suburban.