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Car Show in Tombstone

Started 4 months ago | Discussions thread
OP Jon Donahue Senior Member • Posts: 1,158
Re: Car Show in Tombstone

Little Gianna is 5, and is working her father to sign up for either a 12 or 20 year finance deal on that huge truck, so she can drive it either in high school or after college. The truck here qualifies under some sort of RV scheme for what is basically a mortgage. Long-term loans like this are interesting. Right now, the dealer can only go 96 months on cars, but if they extend cars out to 12 years... then the mfgrs can raise prices even more, as long as that monthly payment stays within reach of the middle class. This is very similar to the college racket. Ultimately, we may say that a home and car are American birthrights, and have the government underwriting long loans that last... well, forever. Who needs to own when you can rent for much less?

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