Hidden in Plain Sight… With Low, Low Monthly Payments

[Geee]

American Spectator:

If people could not or did not finance new cars, new car "sales" would probably drop by 75 percent -- and two-thirds of the currently-in-business car companies would probably be out of business.

What does this tell us?

First, the current "market" is an artificially created and very abnormal one -- like Frankenstein's monster and just as destructive. It is not a coincidence that the explosion in brands -- and the geometric increase in the number of individual models sold by each brand -- coincides precisely with the rise in easy credit made possible by no-cost (or next-to-no-cost) money (i.e., interest) and loans stretched out over 5-6 years.

It was not all that long ago that the typical new car loan was just three or four years.

But perhaps the most insidious aspect of the flim-flam is the way it hides the cost of government mandates and regulations from the eyes (and thoughts) of the typical American -- making them seem "affordable."

Or at least, we don't notice how unaffordable they've made new cars.