Are long-term auto loans a bad deal?

One business sector that has been turning out very strong earnings reports recently is the auto industry. Last month, Chrysler, GM and Ford had their best month of sales in 5 years.

But not everybody thinks the upturn is purely a good thing. Marketplace Economics Correspondent Chris Farrell joins Morning Report host Jeremy Hobson to explain why long-term auto loans, which are boosting sales, could be a bad deal for borrowers.

About the author

Chris Farrell is the economics editor of Marketplace Money.

Comments

I agree to American Public Media's Terms and Conditions.
With Generous Support From...