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Longer term auto loans gain traction again 

Share of 85- to 96-month original loan terms climbed 24 bps YoY 

Truth Headlam

The percentage of outstanding auto loans with initial terms of longer than 96 months is on the rise again as lenders look to help consumers lower their car payments.  The percentage of loans with original terms between 85 and 96 months climbed to 1.45% in the third quarter, up 24 basis points (bps) year over […]

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