Here is an interesting chart. This shows the length of new car loans in months. Some car buyers are now financing auto loans for up to six years. The average, according to the below chart is 64 months. Either cars are lasting longer or buyers are reaching to buy more car than they can afford.
Latest posts by Jeremy Jones, CFA (see all)
- Who’s your Most Trusted Financial Advisor? - November 11, 2019
- Young People Can’t Afford Homes: Is the Fed to Blame? - November 8, 2019
- Vanguard Wellington Fund (VWELX): The Original Balanced Fund - November 7, 2019