TIME magazine has an interesting article in the Sept 28 issue, page 20. Average price of a new car is now $33,453 so loans have slid out to eight years to "keep the monthly payment low." So now, towards the end of the loan, the owner (or sucker) will be underwater, as the car depreciates faster than the loan is paid down. Underwater, on an eight year old car. To add insult to injury, one reason the price of a new car has gone up is because people are buying luxury trucks in larger numbers, now that gas is down.
That's all so anti-mustachian as to give me the creeps!
PS. Leaf's are selling for under ten grand right now, there's an over-supply of them and gas is cheap, both of which has pushed the demand down. I'm looking for a blue one.