The average car loan is between five and six years, but longer terms are gaining ground Written By Written by Staff Loans Writer, Buy Side Emily Sherman is a staff loans writer for Buy Side, covering ...
The average car loan term is 68.48 months for a new car and 67.41 months for a used car, or close to six years, according to Experian data. The average length of auto loans for new and used vehicles ...
The average car loan length is now about 69 months, per the latest Experian auto finance report — longer than last year and a sign that many buyers are spreading out their payments. But whether you ...
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