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We are seeing longterm loans up to 8 years on new cars.  Generally the Financing Department of an Car [http://www.answers.com/topic/Dealership Dealership] makes all the money because sales department.  After 0/0 deals have come and gone, the modern car sales financial markets are researching to continue the high sales.  By offering lower payments of $50-100.00 [http://en.Wiktionary.org/wiki/monthly monthly] less, car buyers who could not pay the car they wanted can manage to fit it inside their budgets since numerous Americans are underemployed, in other words working at Home Depot but they have two advanced degrees.
The telecom job they may have experienced at $60-88K per year has turned into a $36K per year cash strapped job.  These people are still being targeted with the dealerships in spite of these current issues. The real problem boils down the path comparable to those that hurt the Leases in which the everyone was the wrong way up within their values upon enough time when most turn inside their cars; average is several years.
GE Capital left the leasing game for SUVs and cars and GMAC and FMC lost millions in bad lease deals when the cars were traded in, they could not be sold for the arranged residual values.  Many times the trade ins before end of term or open end leases meant the customer would need to bury those inverted numbers in to the financing of the new car.  So some may have traded in a very Jaguar or Cadillac and flip the gap after which have payments of $400.00 a month over a Nissan Sentra or Ford "Fajita," I mean "Festiva" Turbo naturally with all of options?  This was a huge game inside leasing days inside the Early 90's.
With 8-year loans, payments will likely be lower, but that three-year itch to buy a fresh car will 't be fulfilled without taking a huge hit.  This needless to say could be harmful to future sales of cars.  Or a worthy temporary fix for now to sell more cars, but signifies the economy will have to be rather wonderful in 8 years.  Unfortunately if people keep their cars longer, then the auto parts stores will perform better in 3-5 years, as a result of planned obsolescence of the vehicles, which can be manufactured to the car inside the first place. Some industries like car washing, which tracks the modern car markets for around 3-4 years as people who have newer cars often spend more money on washing is going to be hit after that time period. Who wins?  If this huge play for 8-year loans sells many cars in 2003 Q3 and through 2004 up cycle Election Year, does well it will help after market auto accessories as people add-on with their car.  People provide an emotional tie to their cars and just like men [http://www.purchaseorbuyviagra.com/how-much-is-viagra/ buy Viagra] and Women get augmentation or breast enhancements, this same drive of self, is exactly what drives those to upgrade or personalize their cars with new features because they go on to build upon this extension of their personalities, our great American love with the Automobile.  Talk about "Apple Pie" these are generally real trends.  Anyway if auto parts increased and car washing is down, at least there will likely be more cars on the path, and so the expanded pie will take care in the decreases. Occasionally you'll find events, which trigger large sector rotation or trigger small sub-sector changes, which move markets.  Eight year auto loans is a strategy, which has been played before with auto leases, however, there is a long-term problematic issue to be worried about in this tactic for shorter term profits.