Reported in Low Rates, Cheap Gas and Deeper Debt Sustain Car Buying Boom. (The New York Times, 1/4/2020)
Source:
How Long Should a Car Loan Be? Is a 72- or 84-Month Car Loan a Bad Idea? (Edmunds, 10/1/2019)
The most common term currently is for 72 months, with an 84-month loan not too far behind. It's been creeping up: 10 years ago, the most common new-car loan term was 60 months, followed closely by 72 months.
The American consumer: an all-day sucker
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