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More consumers looking to refinance their auto loans are opting to retain longer terms even if they end up paying more in total interest. Of consumers who refinanced their loans with fintech Caribou in the second quarter, according to data provided to Auto Finance News: 53% originally had 84-month loans and 41% kept that term; and 39% originally had 72-month loans, with 29% retaining that term. “As vehicles get […]
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David Thompson
David Thompson
David Thompson
