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A comment on Renting is Throwing Money Away, Right? (2015). Parent comment

Re:Renting is Throwing Money Away, Right? (2015) by BoorishBears on Monday April 23, 2018 @05:59AM (#16901975)
To be fair, not long ago 24 months was the common loan term.

Now people are getting 7 year and even 9 year loans. We live in a time when you can finance a 400$ watch for 2 years.

The renewed focus on chipping away at people’s monthly income is almost impressive.

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Re:Renting is Throwing Money Away, Right? (2015) by spicymaki on Monday April 23, 2018 @11:41AM (#16904369)
That is not even the worst of it. There are people leasing vehicles (more expensive vehicles then they could buy) without saving the money they need to put down on a new vehicle after the term is up. Worse yet they drive the car past the mileage limits and then after the term is up they then roll the old lease into the financing for a new lease. It is a vicious cycle.
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