Getting a Car Loan, Average Loan Now sixty six Months – Consumer Reports News

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Average fresh car loan is now sixty six months

When it comes to new-car loans, many people are gravitating towards loans that extend over increasingly long periods of time. What they may not realize is that those loans could be dangerous to their finances.

According to a latest report by Experian Automotive, the average fresh car loan in the very first quarter of two thousand fourteen was sixty six months, a month longer than the average over the same period in 2013. Continue reading Getting a Car Loan, Average Loan Now sixty six Months – Consumer Reports News