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No one is buying new cars anymore, but many of those that did in March financed a scarily large amount of their purchase, in addition to stretching repayment over an average of nearly six years.

This isn’t great!

Those two nuggets are in a new report from Edmunds, which analyzed its own data and made this startling graph. Edmunds says it’s the first time loan terms have averaged over 70 months in a single month.



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The Average Car Loan Is Now 70 Months! With 0% Becoming The Norm How Long Until 84?

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