What are the usual “Average cars” driven by J6P? 32K seems a bit steep. Camry is 17-25K Invoice and 18-28K MSRP. F-150 starts 17K MSRP. And they can only pony up $1500 to buy these toys?
It didn’t say the loan on an average car, like a Camry. It said the average car loan. A few expensive samples can really skew the numbers.
Consider a sample that has 5 average sedans (e.g.Camry’s at 25K each) and one Range Rover for 75K, with 10% down.
The average loan would be 30K.
