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Yup 96 months and a 14% rate is the new norm.
I was being sarcastic. A 96 month term would be horrible.
Don't ever do a term longer than 36mo. If you can't afford that payment, don't do it at all
it blows my mind that people need a 700 credit score to finance a kia these days
Why are kia's that bad
An 8 year note? If that’s what it takes to “afford” the vehicle, then the person should not be buying it in the first place.
Some people can make a comfortable monthly payment but lack the necessary down payment. I saw this a lot in Hollywood with people driving $150k cars and living in an apartment. Who really gives a shit if they end up paying more because their situation is different, I sure don’t.
Considering I would be paying close to $100k for the new version of my tow vehicle, I can see why people take the longer term loans to afford them. Yes, diesel 1 ton trucks are pushing that price tag now.