Why Americans Are Taking Out Longer Car Loans Than Ever
Americans are financing vehicles longer than ever, with 84-month auto loans rapidly becoming common. Here's what the shift reveals about rising debt and hidden borrowing costs.
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Why Americans Are Taking Out Longer Car Loans Than Ever
Americans are financing cars for longer than ever, with the average auto loan now approaching six years and 84-month loans rapidly becoming common. Rising vehicle prices, higher interest rates, and…