Car Loans Are Getting Longer

Will it take you a while to pay off your car? You are not alone.

Forbes reports that the average auto loan term reached a record length earlier this year.

69 months or almost six years is now the norm for the amount of time it takes to finish paying for your vehicle. 

Many people are settling with paying more interest over time to get a lower monthly payment. 

Scott Rusk

Scott Rusk

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