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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

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