Why Buying a New Car Might be a Terrible Financial Mistake: Ep. 132

Why Are So Many Car Buyers "Underwater" on Loans? (And Why Don't They Care?) Negative equity in the car market is hitting record numbers—so why are consumers still signing on the dotted line? Today, Dave Thomas from CDK Global joins the show to break down consumer buying habits, long-term auto loans, and the truth about car affordability. In this video, we discuss: What negative equity is and why it's rising post-COVID The shift away from leasing and why younger buyers prefer long loan terms Why car prices aren't inflating as fast as you think (despite the $50k headlines) How dealerships view long-term loans and customer retention Drop your thoughts in the comments below: Would you ever take out a 7-year car loan? Learn more about your ad choices. Visit megaphone.fm/adchoices