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re: Delinquencies on auto loans are at the highest level in a decade

Posted on 9/15/23 at 9:03 am to
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167794 posts
Posted on 9/15/23 at 9:03 am to
quote:

Yep, they really have 96 month vehicle loans.




96-month loan on a high dollar item with only a 36-month warranty. Doesn't make much sense to me.
Posted by bbarras85
Member since Jul 2021
2019 posts
Posted on 9/15/23 at 9:44 am to
quote:

96-month loan on a high dollar item with only a 36-month warranty. Doesn't make much sense to me.


Someone I know went purchase a used 2022 Chevy Tahoe Z71. The bank they financed through made them take out a life insurance policy for the amount they borrowed. I think it was around 70k. 84 month loan at well over 1,000 a month on a VEHICLE. Hell no.
This post was edited on 9/15/23 at 9:45 am
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