Millennials Saying Yes To Cars As Long As Payments Are Drawn Out And Low

It’s long past time to put the bike (myth) away.

Outside of certain urban centers, Millennials are cuckoo for cars. Jobs and families and lifestyles, you see. As more members of the youngest car buying cohort show up at dealers looking to sign on the dotted line, their method of payment is evolving, too.

According to Dealertrack figures published by Automotive News, one of the main reasons for the dramatic upswing in Millennial car buying — besides aging — is long financing terms and low, low monthly payments.

MDarringer - 9/22/2016 8:44:45 PM

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People just love their 84 month contracts. These days, the short, highly subsidized leases are the way to go given how many recall glitches cars have.