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Cars and Transportation
Reply to "The 7-Year Car Loan: Watch Your Wallet"
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[quote=Anonymous][quote=Anonymous]3-5 years was the norm and its because people are buying what they cannot afford. People are dumb and say I want a $400 car note monthly rather than pick a price based off the payment they want and length of the note.[/quote] This is why the sales person at the dealerships always ask you "How much do you want to pay per month?" They know you'll say as little as possible thinking that means you're getting a good deal. Meanwhile they figure out how much you really CAN afford then stick you in the most expensive car you can finance over the longest term possible. [/quote]
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