More Than Half of All New Car Loans in Canada are Financed for 84-Months: Report

Every morning I wake up, splash some water on my face, and say, to no one in particular, “Today’s the day we’ll see the auto industry start trending away from absurdly long loan terms. Surely everyone will realize, today, that this can’t end well.” Today is not that day. In Canada, we’re told by way of the CBC, more than half of all new car loans carry 84-month terms. Weeeeee...
Read more: https://jalopnik.com/more-than-half-of-all-new-car-loans-in-canada-are-finan-1829964502?source=Snapzu