84-Month Auto Loans?!

Auto loans are getting longer and longer. The post 84-Month Auto Loans?! appeared first on A Wealth of Common Sense. ...

May 13, 2025 - 18:30
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84-Month Auto Loans?!
My first car loan was 36 months. It was a used Ford Taurus. Not too long after it was paid off that car died. I made the upgrade (was it?) to a Nissan Altima. The dealership was now offering 48 or even 60-month loans. Five years for an auto loans seemed like an eternity so I took the four year option. Now those numbers look quaint by comparison to what some borrowers are pulling off. On their quarterly earnings call last ...