Quote:
Originally Posted by CliffFletcher
More than half of new car loans in Canada today are financed for seven years or longer. Less than 10 per cent of American car loans are financed with long-term loans.
And a third of Canadians are still paying off the loan on the car they trade in when they finance their next car.
https://www.cbc.ca/news/business/deb...term-1.4863737
This really is a cultural sea change. |
Who 'needs' to trade in a car after 7 years. I guess if you had 3 kids in that time?