Car loan terms stretch as vehicle prices remain high

The last paragraph in this article is crazy.

" About 40.7% of new-vehicle purchases involving negative equity are now financed with 84-month loans, according to Edmunds data."

rollin', rollin', rolling. Keep that (negative) equity rollin'....

~egon

That's utterly idiotic. I smile to myself every day. I drive old high mileage but reliable beaters that seem to be in the shop only a tiny fraction of the time all these new rides are, and I get where I need to go without any car payments. I like vehicles too, but there's no value proposition in new vehicles right now. There just is not. The market is badly skewed and it is very annoying because it results in manufacturers not offering any good value choices anymore.