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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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<blockquote data-quote="VRYALT3R3D" data-source="post: 16707248" data-attributes="member: 131770"><p><h3>Honda Warns Against ‘Stupid’ Auto Loans Driving U.S. Sales Gains</h3><p>A top U.S. executive at Honda Motor Co. said competitors are doing “stupid things” to boost auto sales, including making seven-year-long car loans that harm buyers.</p><p></p><p>Automakers are increasingly selling vehicles with 84-month loans that reduce monthly payments while making it tougher to repay faster than cars lose value, John Mendel, Honda’s U.S. sales chief, said in an interview. The Tokyo-based company will avoid longer-term loans even as Nissan Motor Co. tries to supplant it as the fifth-biggest automaker in the U.S., he said.</p><p></p><p>more: <a href="https://www.bloomberg.com/news/articles/2015-01-20/honda-warns-against-stupid-auto-loans-driving-u-s-sales-gains" target="_blank">Honda Warns Against ‘Stupid’ Auto Loans Driving U.S. Sales Gains</a></p></blockquote><p></p>
[QUOTE="VRYALT3R3D, post: 16707248, member: 131770"] [HEADING=2]Honda Warns Against ‘Stupid’ Auto Loans Driving U.S. Sales Gains[/HEADING] A top U.S. executive at Honda Motor Co. said competitors are doing “stupid things” to boost auto sales, including making seven-year-long car loans that harm buyers. Automakers are increasingly selling vehicles with 84-month loans that reduce monthly payments while making it tougher to repay faster than cars lose value, John Mendel, Honda’s U.S. sales chief, said in an interview. The Tokyo-based company will avoid longer-term loans even as Nissan Motor Co. tries to supplant it as the fifth-biggest automaker in the U.S., he said. more: [URL="https://www.bloomberg.com/news/articles/2015-01-20/honda-warns-against-stupid-auto-loans-driving-u-s-sales-gains"]Honda Warns Against ‘Stupid’ Auto Loans Driving U.S. Sales Gains[/URL] [/QUOTE]
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