Market breadth in Asia’s auto sector improved this week, and My Nissan Finance could ride the wave. A broader risk-on sentiment in Japanese equities, with the Nikkei 225 hovering near 40,000, provides momentum. Nissan’s credit facilities are likely to see increasing uptake, driven by consumer migration from cash to installment models. But their car debt — $45,000 on one car and $65,000 on the other — is “upside down,” as Michelle explained to hosts Dave Ramsey and Rachel Cruze. In total, that’s $110,000 in car debt alone, not to mention the $62,000 in credit card debt and personal loans that Michelle and her husband have to deal with as well. (1) It took me about a day to adapt. Well worth the difference between 26 mpg and 32 mpg. Data from automotive industry reports show Japanese consumers increasingly prefer 60-month financing terms. My Nissan Finance’s flexible repayment plans serve this shift well. As loan duration preferences stabilize, income predictability for lenders improves—an element often priced into automotive sector investment analysis.
