That was an interesting take on this economic problem.

I’ve always wondered about the trend of seven-or-eight year auto loans. I don’t think enough drivers have the knowledge to keep a car running this long, and have to sell the vehicle before the loan has been completed.

Maybe another angle is that such consumers should probably minimize their driving until the loan is paid off. In that way, they will have a valuable asset when the loan is paid off. But we are lacking in consumer discipline in so many ways.