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re: New cars, once part of the American dream, now out of reach for many
Posted on 5/9/23 at 6:39 am to Fun Bunch
Posted on 5/9/23 at 6:39 am to Fun Bunch
quote:
Its this. They are taking out 7 year loans on them.
I'd bet they are either leasing and will be shite out of luck when it ends or they are financing them for 10-12 years. 20 year loans on boats is common today...7 years for a car note is probably considered a short term car loan today...
1
Posted on 5/9/23 at 6:45 am to AwgustaDawg
20 years on boats?!?
Running joke is that the happiest days in boat ownership are the day you buy and the day you sell. A 20 year note on one is fricking insane.
Running joke is that the happiest days in boat ownership are the day you buy and the day you sell. A 20 year note on one is fricking insane.
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