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Tesla begins offering 84 month auto loans
(fortune.com)
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this post was submitted on 23 Jul 2023
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Taking a cue from Nissan, I see.
They’ll let you finance an Altima for 96 months, but the transmission will blow itself up at 85,000 miles and at that point you’re out of warranty AND still stuck making payments.
I really don’t see how it is at all defensible that the loan term for paying off the thing can be longer than the warranty for the thing.
Defenders will wrap it in a bullshit argument like "but we're just giving people more options! This is an opportunity for people down on their luck!" No, you're trying to trap desperate people into a shitty financial situation.