Vehicle Sales
AFN Composite Index
Consumer Sentiments
SOFR
APR 48 Mos.
Consumers need more than interest rate savings to make refinancing worthwhile. Despite increasing reliance on 72-month initial terms, consumers who refinance are tacking on another 15 to 20 months of financing to bring vehicle affordability within reach. In the past two years, the average effective term for refinanced loans has hovered around 94 months — […]
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David Thompson
David Thompson
David Thompson
