1 of 3

_________ of all new car loans are __ months or longer!

ngpf.org 1/24/23

Q:

Behavioral Economics

QUESTION OF THE DAY

View blog post

2 of 3

Behavioral Economics

1/5th of all new car loans are 84 months or longer!

A:

QUESTION OF THE DAY

Source: Jalopnik

3 of 3

FOLLOW-UP QUESTIONS

  1. What factors impact the overall cost of a car loan?
  2. Why might more people agree to longer loan terms?
  3. How would you decide how much you are willing to pay per month and how long a loan term you can commit to?