More than one in five car loans now run seven years or longer. Longer loan terms may reduce monthly payments, but they also increase the total cost and the risk. If you can’t pay off your car loan ...
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More car buyers are stretching out their auto loans—but longer terms come with trade-offs
With the average price of a new car now topping $50,000, more buyers are stretching out their loan terms to lower the monthly payment. The average loan length is now 69 months, with the share of ...
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