Car dealers are increasingly using leases to get people into cars they can’t really afford. Leasing now accounts for a record 33.6% of purchases, up from around 24% a half-decade ago.
More than 31% of auto borrowers have negative equity in their vehicles – they owe more on their loans than their cars are worth. That’s up from 23% five years ago, and a record high.
29% of car loans now stretch out as long as six to seven years. That’s triple the level in 2010, and also a record high.
Neither a Lender nor a Borrower be.
Kiote, just glad you didn't get bent over behind the shed. :)
I don't go along with the go away in May adage...... but I do have large cash position just in case.
Ockiote,.... DUST +936.00%.... many people thought they were rich on the MB. LOL
I sold @ 13.01, made a little coin.