Attention: do not take out a 9-year auto loan (for crying out loud)!

Lenders around the country are apparently offering 9-year auto loans mortgages. I am willing to make a sizable wager that 90% or more of the people who take out a 9-year auto loan will be upside-down on their loan when they trade in their whip for a shiny new one.

[photo: Kerry A Adamo]

P.S., I am sorely tempted to take out a 9-year loan for a Mini Cooper, but selling my soul might be cheaper in the long run.