SnowblindAlbino@alien.topBtoMazda@gearhead.town•Reddit Car Buffs, I'm in a Car-Buying Conundrum and Need Your Insights!English
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10 months agobut is it really that common to finance cars for 72(!) months over there?
“According to information-services company Experian, the average used- and new-car loan spans between 67 and 69 months — somewhere between five and six years — as of July 2023.”
So yes, it’s so common that the average is now close to 70 months. Though most people I know who finance do 60 month loans. I did for my last new purchase, but that was a 0% rate from Mazda so it cost nothing.
One of my kids did this as a new driver at 16-- hit the freeway in our SUV in second gear, realized it was “loud” and pulled over to call me. Going 65 in 2nd with a small V6 is indeed noisy. Lesson learned. Seems like that’s something basic we should be teaching new drivers.