Yep. Used to be car loans were for 3 years at super high interest. Then it went to 4. Then 5. Now they do 6 and 7, people get in over their heads or try to trade and then find out they are upside down on what they owe and what the value is.
We don't go any longer than a 4 year note. Especially now for 0 to 3 % or so. Then we try to pay ever 2 weeks and get ahead so we are paying more on the principal but some banks make it hard to do. Haven't had a trade in vehicle in about 40 years. Car was either wrecked or handed down to the daughter.
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Today's Featured Article - Usin Your Implements: Plow and Disc - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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