[thomaslord]

I don't have a handy article to link, but US vehicle loan terms have been steadily increasing for a while now. Many people end up rolling negative equity into their next loan, which can push them into choosing something more expensive for their next vehicle because the lender has a limit on what percentage of the new loan can be rolled-over negative equity.

My suspicion is that this trend is driven by long loan terms, high interest rates, and loans being larger than the cost of the vehicle.