Gutshot007
WKR
- Joined
- Apr 28, 2021
- Messages
- 971
Absolutely, on price increases based on length of financing. 144 months on a boat! 50year on a house! Its all about the monthly payment. Most salesman of large items will haggle about prices ,but are more concerned if someone is going to be financed and how long to make it fit for your monthly payment. Meanwhile the fool on the other end has no idea what's he's paying for the product in total in the end. Previously auto loan 24-36 month. Now 60-72 months. Prices so high very few could tolerate a monthly payment that high. (This is also why college education is so expensive. Government loans and cash everywhere. Colleges have minimal incentive to be competitive in pricing)