Nearly one-third of automotive loan terms are longer than six years(businesswire.com)

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

https://www.businesswire.com/news/home/20260528635242/en/

2 comments

mazinzgeçen ay

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.

jolmggeçen ay

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