Automakers are increasingly selling vehicles with 84-month loans that reduce monthly payments while making it tougher to repay faster than cars lose value.."
Just because you can, doesn't mean you should
I know one guy bragged how he owed more then his debtors would ever hope to collect if he should die... and he did. Unfortunately his wife, daughter & her husband and all three grandkids living with him were evicted from their home. Along with a camper and the cars were repossessed upon his death as well. Not to mention the companies he dealt with took a bath.
I'm sure he was not alone living years ahead of what he and others will be unable to afford. This isn't good for anyone nor the companies that are foolish enough to play this kind of game. There are plenty of executives who will do all kinds of things to make things appear good on paper. They get a promotion along with a raise. Then leave the company before the shit hits the fan. Then mix, stir and repeat somewhere else.
It's not a matter of if, but rather when. How long do you think this nonsense will last before the whole shebang collapses the entire economy?
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