Auto loans for new cars
How many time you have heard people said they have to get a larger passenger car or a SUV because they have a new addition to the family? With the availability of auto loans that stretch over many years, it’s easy to get new cars with little money down. But, don’t people cringe every time a big portion of their monthly income go into servicing a loan for a car that depreciates in value?
In the 70s, if we are lucky to have parents who own a car, that usually mean squashing the entire family into a Japanese made compact car! We were nonetheless still happy that we were going somewhere in a C-A-R! Not at this time and age! My nephew and niece though are the only two children in the family, often complained and fought for space at the backseat. Children of this generation are spoiled !
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