View Single Post
Old 11-16-2022, 10:55 AM   #846
Tcoat
Senior Member
 
Tcoat's Avatar
 
Join Date: Jul 2014
Drives: 2020 Hakone
Location: London, Ont
Posts: 69,845
Thanks: 61,656
Thanked 108,286 Times in 46,456 Posts
Mentioned: 2497 Post(s)
Tagged: 50 Thread(s)
Quote:
Originally Posted by Dadhawk View Post
Not that it's a good thing, but in the US the average car loan is now almost 70 months. If that's the average, there are a lot of car loans out there for 72 to 84 months.
With the current average cost of a new vehicle almost at $50,000 it is not at all surprising that the length of loans has gone up.

https://money.com/new-car-prices-ave...gage%20lenders.
__________________
Racecar spelled backwards is Racecar, because Racecar.
Tcoat is offline   Reply With Quote
The Following 3 Users Say Thank You to Tcoat For This Useful Post:
Dadhawk (11-16-2022), soundman98 (11-16-2022), x808drifter (11-17-2022)