Link: https://www.cnbc.com/2026/10/06/car-loans-are-getting-longer-as-monthly-payments-hit-record-highs.html

Meanwhile, a record 21.2% of financed new-car purchases had monthly payments of $1,000 or more in the third quarter, up from 19.1% a year earlier, according to Edmunds. Among those buyers with four-figure payments, 69% financed their cars for 72 months or longer.

I cannot believe how many people take these, or how hard the dealerships push these by just showing the monthly payment aggressively.

I think at one point my dealer was showing the difference in bi weekly payments of the 7 year vs the monthly of 2 year we asked for (and that was only because it was zero apr up to 2 years).

Honestly didn’t get real numbers until we left and i ran them myself.

But whatever, doesn’t matter how shitty the dealers are if you know what you want and can spend an annoying amount of time saying no while they “check the sales managers” and disappear.

Car prices are out of control. I’m looking for a small SUV in the 20k range so I can pay cash. It’s sad to see what is available. I’m just going to keep my 05 Camry and 08 for edge until they don’t drive anymore