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Buyers Are Borrowing More – And For Longer Terms – To Keep Pace With Rising New-Car Prices
To paraphrase the classic folk song, “Sixteen Tons,” many motorists are finding themselves “another day older and deeper in debt.”
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military.com
America's Affordability Cliff Is Already Reshaping New-Car Buying
As car prices continue to rise, Americans are turning to longer loans and affordable models to stay within budget, reshaping the auto market landscape
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forbes.com
Buyers Are Borrowing More – And For Longer Terms – To Keep Pace With Rising New-Car Prices
To paraphrase the classic folk song, “Sixteen Tons,” many motorists are finding themselves “another day older and deeper in debt.”