How Long Should a Car Loan Be? The 84-Month Trap Explained by Expert Mechanics

🛠️ Welcome to another episode where our automotive experts Glen, Dave, and Lee share invaluable insights to help you navigate the ever-changing landscape of the car world! This week, the guys dive into a staggering new statistic from Edmunds: in the first quarter of 2026, 84-month (or longer) auto loans hit a record-breaking 22.9% of all financed new-car purchases. The crew pulls back the curtain on what this massive shift to 7-year financing means for the entire automotive ecosystem—from the showroom floor to the mechanic's bay, and ultimately, your wallet. With nearly 1 in 5 buyers now staring down a monthly payment of $1,000 or more, the team tackles the long-term fallout of a financially stretched car-buying public. 🚗 Topics Include: ✅ The $1,000 Trap ✅ The Negative Equity Storm ✅ The Maintenance Crisis ✅ And more! Whether you're looking to buy, trying to keep your current ride running, or managing a shop floor, the crew is here to help you navigate this high-stakes shift in the car market. Tune in to find out how to protect your wallet and your vehicle from the 7-year itch! 🏁 🎧Listen to the full episode for all the auto repair tips! ❓Have a question for our #automotive experts? Submit it on our website www.podcastunderneaththehood.com 📽 Don't forget to subscribe to the #youtubechannel to be notified of new episodes! https://www.youtube.com/@UnderneaththeHoodPodcast 👂🏻Want more ways to listen? #Stream the podcast on any of the following: Apple Podcasts: https://podcasts.apple.com/us/podcast/underneath-the-hood-podcast-with-glen-dave/id1683889863 Spotify: https://open.spotify.com/show/2BdshzqejK01J3kWByCoTW?si=3c0e936dabfc4575&nd=1 Youtube: https://www.youtube.com/@UnderneaththeHoodPodcast Soundcloud: https://soundcloud.com/podcastunderthehood iHeart Radio: https://www.iheart.com/podcast/263-underneath-the-hood-podcas-113512732/ Amazon Podcasts: https://music.amazon.com/podcasts/49560204-325f-474f-a306-e1722ef5c977/underneath-the-hood-podcast-with-glen-dave 🧰If you are in need of honest, reliable automotive repairs, or are interested in preventative maintenance, visit one of their shops! Good Works Auto Repair in Tempe, Arizona - https://goodworksautorepair.com/ Martin's Auto Repair in Phoenix, Arizona - https://www.martinsautorepair.com/ Accurate Automotive in Mesa, Arizona - https://accurateautomotiveaz.com/