Bruce Nunnally Posted June 1, 2015 Report Share Posted June 1, 2015 The average length of loans for new and used vehicles in the United States in the first quarter hit record highs, and nearly 30 percent of new-vehicle loans have pay-back periods longer than six years, Experian Automotive said in a report issued on Monday. The average term for a first-quarter new-vehicle loan was 67 months and for used vehicles, 62 months, Experian said. Experian found that in the first quarter, 29.5 percent of new-vehicle loans in the U.S. had a term of 73 months to 84 months. Read more: http://www.autonews.com/article/20150601/RETAIL01/150609987/new-car-truck-loans-reach-longest-term-on-record Quote Bruce 2016 Cadillac ATS-V gray/black Follow me on: Twitter Instagram Youtube Link to comment Share on other sites More sharing options...
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