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Re: New trucks sale prices in the future
[Re: Forrestgump1]
#3430541
06/25/21 05:57 AM
06/25/21 05:57 AM
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Joined: Oct 2013
Posts: 522
N. AL Backwater
163dm
4 point
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4 point
Joined: Oct 2013
Posts: 522
N. AL Backwater
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Something that hasn’t been mentioned is how long people are financing vehicles and how low the interest rates are.
Many people are shopping a payment, not too concerned with the total. Without a doubt that’s why vehicle prices got to where they are now. As long as the banks and finance companies work with brokers, you can expect loan lengths to increase to get those payments where average folks can afford them. ^^^This. It's a repeating cycle. 0% percent interest. Keep lengthening the terms of the loan, keep raising the price. They don't give 0% loans out of the goodness of their heart. There's a reason most of the car makers are also in the loan and credit business.
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