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Car loans now stretch to 100 months as payments rival mortgages
Car payments in the United States are starting to look uncomfortably like mortgage bills, and the terms now stretch close to ...
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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 ...
Although used car prices have been declining recently, payments on new vehicles reached a fresh all-time high in Q4 2023, indicating that high interest rates are still dragging on consumer’s wallets ...
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