The Average New Car Loan Is Now over 70 Months

Re:The Average New Car Loan Is Now over 70 Months by cwhiz on Saturday August 29, 2020 @11:00PM (#24321021)

Bigger takeaway for me is that the average APR is 5.8%. That’s high in the era of free money. Another huge detail, just casually mentioned at the bottom is that 12.8% of buyers are financing at rates above 10%. That’s insane.

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Re:The Average New Car Loan Is Now over 70 Months by naikrovek on Sunday August 30, 2020 @12:47AM (#24321434)

I've never gotten a car loan for less than 12% even once.

My real name is the same as a fictional title character from one movie made in 1972, so I am considered high risk no matter what my credit rating is. That's what they told me, anyway.

You people getting low interest on things ... I hate all of you. (Tongue in cheek hate of course)

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Re:The Average New Car Loan Is Now over 70 Months by Gunax on Sunday August 30, 2020 @06:29AM (#24322523)

I earnestly cannot tell if this is a joke or not. I see no reason someone with excellent credit would get such bad terms.

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Re:The Average New Car Loan Is Now over 70 Months by mey on Sunday August 30, 2020 @10:38AM (#24323231)

That sounds like a lawsuit

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Re:The Average New Car Loan Is Now over 70 Months by cwhiz on Sunday August 30, 2020 @01:18PM (#24324236)

There is no way it is true. Credit reporting agencies don’t consider your name when assessing your credit.

The only way it could be true is if it is such a peculiar name that he is constantly the victim of identity theft.

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Re:The Average New Car Loan Is Now over 70 Months by 1123581321 on Sunday August 30, 2020 @12:33PM (#24323890)

Deep Throat?

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