Editor's note: This article first appeared on Insurance.comand is reprinted here with their permission. Click here for the original post.
Average new vehicle finance terms have been steadily rising overtime.
Experian Automotive reports the average new-car loanlasts 66 months, with a loan balance topping $28,000. Seven-yearloans aren't uncommon, and major lenders such as Ally Financial andToyota's lending arm now make 84-month loans.
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