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Suze Orman: Long car loans may signal financial risk
Suze Orman, financial advisor / author at Self-employed, warns that car loans extending six to eight years often indicate consumers are purchasing vehicles beyond their means.
Orman cautions that turning a depreciating asset into long-term debt increases financial risk for buyers.
Orman has previously advocated early financial planning for families, recommending that starting a Roth IRA for children or grandchildren can provide a lasting legacy compared to traditional gifts. She also recently announced a free webinar on investing and retirement strategies with Keith Fitz-Gerald. These initiatives reflect her ongoing focus on long-term personal financial health.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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