Originally posted by: Jhhnn
Nothing to be confused about. If you are not a high milage driver, you can afford to finance longer since the rates are low.
Yeh, right. It's an act of desperation by lenders/dealers to keep selling new cars, and an act of desperation by consumers to keep driving them. After 6 or 7 years, you'll be paying $300/mo. to drive a $1500 beater, or taking a pounding back at the dealership- you owe $5K, and the book value is only $1K, but they'll roll it all over into a new loan where you essentially pay $24K for a $20K vehicle... or by then, if you're lucky, you'll have some equity in the house, do a rollover there, pay off all your debts, start over again... on a new 30 year mortgage...
Unemployment may be down slightly, but stupidity is up, way up...