The Car Payment Trap No One Talks About...
The Car Payment Trap No One Talks About...
Transcript
Take a look at this document from the Federal Reserve back in 1963. It's titled Automobile Installment Loans at commercial banks. Back then, the majority of car loan terms were under 36 months with 69.5% of them being between 31 and 36 months. And only.7% of car loans were over the 36-month mark. Fast forward to today, and the average new car loan ... Read More
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