Showing posts with label middle class. Show all posts
Showing posts with label middle class. Show all posts

Thursday, October 3, 2019

The 7-Year Auto Loan: America's Middle Class Can't Afford Its Cars



For the past few years, we've been addressing this issue on Auto Trends with JeffCars.com with our auto analysts, what is the tipping for these car prices. Every time we get behind the wheel of a new car, the sticker can easily range from $40,000 to $90,000 as if most of us can make those payments without batting an eye. However, according to this article that appeared in Wall Street Journal their finally echoing what we've been talking about, as the middle class is beginning to scream mercy.
Walk into an auto dealership these days and you might walk out with a seven-year car loan.

2025 Toyota Crown Signia AWD: The Brand’s All-New Lexus-Like Midsize Hybrid Crossover

Highlight: The Crown Signia has a total driving range of 551 miles. Test Vehicle’s MSRP: $52,340 ( Base MSRP) : $45,285 Seating Capacit...