WSJ: The Seven-Year Auto Loan: America’s Middle Class Can’t Afford Its Cars

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With the shift of consumer demand to CUVs and other bigger vehicles that cost more than cars nowadays, how many of these folks are really able to afford them?
 

mmcartalk

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^^^^^^Unfortunately, WSJ has a paywall...they don't give the public free access to many of their articles.

Next time you post a WSJ article (assuming you yourself have access to it) I'd recommend copying the whole article and pasting it...also assuming it will allow you to do that (some paywalls blank that option out, for obvious reasons)
 

mikeavelli

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To summarize loans are up to 72/84 months because car prices are so high and continue to climb and people are trying to afford these loans. Then they are upside down major if they try to get rid of the car.

I get sticker shock all the time.
 
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