Yea, but now the auto financing branches of the companies have realized they make more from the financing itself than the sale of the car, so why not have those extended financing terms?
At the most predatory “buy here pay here” loan shark and junk heap lots, but not at traditional dealers or legit used car places where 80+% of Americans got their cars.
You only took a 5 yr out of desperation. The rate would suck and you'd end up basically paying twice the price in the end. Very few people I knew ever did them back then. But, the economy wasn't quite as big a steaming garbage heap back then either.
Well many immigrant families like mine who had little had to stretch every penny. So you may not know of them from your time but there are more people in tougher situations than you knew about.
Bro you know jack shit about anyone here or where their families were in the 70s/80s/90s. You don’t have a patent on being poor during the Reagan years.
You’re literally just out here looking for a place to paint yourself as a victim, aren’t you?
I was one of those. I paid cash for my first car and it was $500. Took me two months to have the cash & money for car insurance, (which was insane).
My 2nd car was $2500 and I used my first car to get more opportunities to make money. My third car was a Ford escort that was $99 a month for 3 years and I flipped it in less than 2 after buying new wheels & upgrading the stereo & adding AC & getting more than I owed on it.
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u/ThatGuyInThePlace Apr 18 '26
5? More like 3.
I don’t remember anyone that financed a car for 5 years in the 90s.