Society may push us to act irresponsibly, but only self-reliant, those that trust their internal voice over foolish character defined by social norms, will endure the next panic. The choice is yours.
Headline: Car Buyers Take Out Bigger Loans, Set New Record
American car buyers, attracted by new models and cheap financing, are taking out bigger auto loans and stretching out the terms of those loans to a new record length.
New analysis from Experian Automotive shows the average new car loan in the fourth quarter of last year was $26,691 and stretched out over an average of 65 months. The length of the average loan is one month longer than the previous record set in the third quarter of last year. Experian said 4.1 million auto loans were written in the last quarter of 2012.
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