http://www.bloomberg.com/news/2015-01-20...ales-gains.html
Originally Posted By: John Mendel
Extended-term loans are “stupid not just for us, but for the industry.”
I can't disagree with that.
Quote:
More than one in four new-car loans in October and November were 73 to 84 months long, according to Experian Plc. The share of new-car loans at those term lengths was less then 10 percent in 2009 and 2010.
Originally Posted By: John Mendel
Extended-term loans are “stupid not just for us, but for the industry.”
I can't disagree with that.
Quote:
More than one in four new-car loans in October and November were 73 to 84 months long, according to Experian Plc. The share of new-car loans at those term lengths was less then 10 percent in 2009 and 2010.