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Home » Open Lending adds 84-month loan terms as affordability dips

Open Lending adds 84-month loan terms as affordability dips

The fintech previously offered up to 75-month terms

Riley WolfbauerbyRiley Wolfbauer
September 22, 2022
in Risk Management
Reading Time: 3 mins read
0
Open Lending adds 84-month loan terms as affordability dips

© Can Stock Photo / gina_sanders

Automation fintech Open Lending has expanded its maximum auto loan terms as more consumers are priced out of the market.  Lenders using Open Lending’s artificial intelligence-powered underwriting can now offer 84-month loan terms for near and nonprime borrowers on new and used vehicles that are up to four years old with less than 60,000 miles, […]

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Tags: 84-month loansloan termsnonprimeOpen LendingPremium
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