Open Lending adds 84-month loan terms as affordability dips
Automation fintech Open Lending has expanded its maximum auto loan terms as more consumers are priced out of the market. ...
Tag: 84-month loans
73-84-month loans on new and used vehicles increase YoY in Q1 2022
The share of longer-term loans on new and used vehicles increased year over year in the first quarter of 2022, ...
Reduced incentives could shrink June growth
Major OEMs scaled back incentive programs on new trucks, SUVs and crossovers in June, which will likely lead to fewer ...
JD Power: Long-term loans doubled from last year
Longer-term loans, especially 84-month loans, are gaining popularity with consumers as the auto market sees its sixth straight week of ...
7-Year Loans Require Greater Vigilance, Higher Pricing
As cars get more expensive and consumer budgets get tighter, loan terms are extending to keep monthly payments affordable. The ...
