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Nearly one-third of automotive loan terms are longer than six years
(
businesswire.com
)
4 points
by
mattas
11 days ago
1 comments
mazinz
11 days 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.
link
jolmg
10 days ago
When people see cars as a necessity rather than as an option to evaluate...
link