#Cars Are So #Expensive That #Buyers Need Seven-Year #Loans. #tarrifs #borrowing #banks #finance #debt #economy #financing Once rare, seven-year car loans are fast becoming the norm. They’re often the only way #buyers can afford new rides, w average #sale prices surging 28% in 5 years 2 approach $50,000. Compared to 5 yr loan they can make difference between $1,000 monthly payment & $780 one. In 2nd Qtr 2025,7 yrs loans are 21.6% of all new-vehicle financing. #trump#magahttps://www.spokesman.com/stories/2025/aug/25/cars-are-so-expensive-that-buyers-need-seven-year-/
#Cars Are So #Expensive That #Buyers Need Seven-Year #Loans. #tarrifs #borrowing #banks #finance #debt #economy #financing Once rare, seven-year car loans are fast becoming the norm. They’re often the only way #buyers can afford new rides, w average #sale prices surging 28% in 5 years 2 approach $50,000. Compared to 5 yr loan they can make difference between $1,000 monthly payment & $780 one. In 2nd Qtr 2025,7 yrs loans are 21.6% of all new-vehicle financing. #trump#magahttps://www.spokesman.com/stories/2025/aug/25/cars-are-so-expensive-that-buyers-need-seven-year-/