Yep. Used to be car loans were for 3 years at super high interest. Then it went to 4. Then 5. Now they do 6 and 7, people get in over their heads or try to trade and then find out they are upside down on what they owe and what the value is.
We don't go any longer than a 4 year note. Especially now for 0 to 3 % or so. Then we try to pay ever 2 weeks and get ahead so we are paying more on the principal but some banks make it hard to do. Haven't had a trade in vehicle in about 40 years. Car was either wrecked or handed down to the daughter.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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