Nearly one-third of automotive loan terms are longer than six years

(businesswire.com)

4 points | by mattas 12 hours ago ago

2 comments

  • mazinz 11 hours ago

    That’s crazy, so chance the loan could outlive the car! Refinancing now that rates go down makes sense I guess but is just crazy to me that people take such long term loans for a depreciating asset.

    • jolmg 7 hours ago

      When people see cars as a necessity rather than as an option to evaluate...