Sound Familiar? - Posted by Wayne-NC

Posted by Wayne-NC on June 02, 2006 at 12:16:07:

"Complete Idiots Guide to Buying or Leasing a House."
What have you been seeing lately?

Sound Familiar? - Posted by Wayne-NC

Posted by Wayne-NC on June 02, 2006 at 07:32:43:

NEW YORK (CNNMoney.com) - New car buyers are taking out longer and longer loans to finance their vehicle purchases, according to data from the Consumer Bankers Association. More than half of new car loans made by the group’s member institutions were for five years or longer.

That marks the first time that most new car loans have been written for more than five years, the group said. The biggest jump was in six-year loans.

At the same time, leasing is also increasing in popularity, according to data from J.D. Power and Associate’s Power Information Network. Leases accounted for more than 21 percent of U.S. new-vehicle sales between December of last year and February of this year. That’s the highest level in five years.

The biggest motivation for this, experts say, is that people want to buy more expensive cars without actually paying more each month.

“They want more car, they want more luxury and they’re stretching out their loans,” said Jack Nerad, editorial director at Kelley Blue Book and author of the "Complete Idiots Guide to Buying or Leasing a Car."
YOU CAN FIND THE REST OF THE STORY IF YOU ARE CURIOUS. I SEE A DISTURBING TREND HERE.

Title Says All - Posted by Dons

Posted by Dons on June 02, 2006 at 11:44:44:

“Complete Idiots Guide to Buying or Leasing a Car.”

There is a reason for this title. :slight_smile: