The Glasshouse Report

Tuesday, July 4, 2017

Car buyers stretch loan payments to record lengths to get in pricier vehicles


By Market Watch, July 04, 2017

As car buyers’ obsession with bigger, pricier vehicles grows, so does their willingness to take longer to pay for them, says new analysis from Edmunds.com.

The average auto-loan length reached an all-time high of 69.3 months in June. That’s 6.8% longer than five years ago, said the site that provides auto industry statistics and news.


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