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Want that new car on a 84 month loan?

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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


2023 Cadillac CT4-V Blackwing

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