At Experian, customer finance and credit training is our concern.

At Experian, customer finance and credit training is our concern.

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As new vehicle costs increase, loan providers are providing longer and longer terms for automotive loans. While five-year (60-month) loans had been when considered long, into the very first quarter of 2019, almost two-thirds of brand new auto loans had longer terms, in accordance with Experian data.

Now, 84-month automobile financing have become more widespread. Finding an auto that is seven-year can lessen your payment, it is it a smart move economically?

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