Vehicle Sales
AFN Composite Index
Consumer Sentiments
SOFR
APR 48 Mos.
The share of longer-term auto loans of 84-plus months is on the rise as consumers face tighter budgets and economic uncertainty. While middle-term loans, defined as between 60 and 78 months, make up most financing, the share of those terms may decline as longer loans offer lower monthly payments and short-term loans typically are tied […]
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Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
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David Thompson
David Thompson
David Thompson
