re: If our government capped auto financing at 60 months would car prices come down?

If you can't afford a 36 or 48 month note, you shouldn't be buying a new car, considering the hyperinflated prices of new vehicles. Want to make the Car Companies hurt? Shift to buying pre-owned or lease. Manufacturers work on tight margins with high labor costs, see the domestic electric cars that didn't sell, or full size trucks with dual turbo high spun 4 cylinders begging to explode.

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Similar to home loans offered at 30 years max

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There's not really any mechanism to do that. And there are mortgages that are longer than 30, they're just not qualified. Combine that with the fact that all auto finance is private and there's basically no way you can do it.

I've never had a car note in my life. Never spent more than 25k either. Either buy the cheapest car made by the Koreans like a Kona or Venue (brand new for under 25k for either of those two) or I buy a three/four year old car that was turned in when the lease was up. Apart from my mortgage I have never taken out a loan for anything, even college.

You stated the solution in the question. The government should in no way be involved in the determination of auto financing. Government should not pick winners and losers.

If some foolish lender wants to provide a car loan with a 120 month loan term God bless them. Likewise, if some fool wants to signup for such a loan to acquire a new vehicle that is a personal choice (even though seen as foolish by most).

I say keep the damn government (of every level) the hell out of our lives EXCEPT for their core enumerated powers.

I agree 100% with what you said. But the premise of my question is we are all paying more for car than we should and one of the reasons for that is some fools out there are willing to finance it for 84 months. 1/5th of Americans. Their willingness to do so is impacting all of us. So I see this as more of a regulation on big business rather than a limitation on Americans. Take away the 72 and 84 month options and car prices come down. Say and F-150 comes down 10% which is half of the 20% increase since 2020. That’s now 58k instead of 65k. And the financing at 60 months ends up similar. When Biden put in the EV tax incentive Ford increased the Lightening by the exact amount.