Longer terms on car loan might be adding to more car owners dealing with equity that is negative before.

Longer terms on car loan might be adding to more car owners dealing with equity that is negative before.

Gone would be the full times where a car loan with a phrase of five years will be unthinkable. These days, the normal new-vehicle loan is 69 months. And loans with terms from 73 to 84 months now constitute nearly 1 / 3 (32.1%) of most car that is new applied for. Continue reading “Longer terms on car loan might be adding to more car owners dealing with equity that is negative before.”