With car prices going up, buyers are taking out 100-month loans to keep payments down. Why this may not be a good idea
Car buyers are running into a hard truth: new vehicles cost far more than they did just a few years ago, and increased monthly payments have followed. To keep those payments down, some borrowers are stretching auto loans to unprecedented lengths, including 100-month terms, or more than eight years. At first glance, the appeal is … Read more