Quote:
Originally Posted by kenchan
yah.. but we need rich people to keep the automotive industry going, so good for them regardless of them being car guys or not.  haha
just give them the moment of glory. |
unfortunately i read in an article a few weeks back that more canadians are taking out longer car loans... the average loan went up by 6months. there have been a big increase in longer loands (5-7 years) as opposed to the 4 year car loans previously offered.
the whole article explained how you're negative equity for a good 2/3 of if and when its time to sell you may or may not have a car in your posession that's viable for sale!