I'm beginning to read those "buy a car from us" flyers since my poor old Mercury is rusting out. Today's was offering mostly econo boxes for $12K and pickup trucks for $20K. And offering seven year car loans. Damn, that loan will last longer than the car.
Used to be three years was standard and four years was considered flaky. Times are a changing. Not sure I like this particular change. It means the car prices are so high that people can't afford 'em unless they stretch the payments out over seven years.
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