[frumper]

Nowadays, people probably haven't paid off their car in 5 years either. Average new car loan is 68 month term.

https://tucson.com/news/nation-world/business/personal-finan...

[bryanlarsen]

Anecdotally, many people start considering trading in their cars once their loan is no longer underwater, not after it's paid off. Myself, I'm hoping to enjoy not having car payments as long as I can...