Beware longer-term six- or seven-year car and truck loans.

Beware longer-term six- or seven-year car and truck loans.

A 3rd of brand new auto loans are actually much longer than six years. And that is “a trend that is really dangerous” claims Reed. We now have a entire tale about why this is the situation. However in brief, a seven-year loan means reduced monthly premiums than the usual loan that is five-year. Continue reading “Beware longer-term six- or seven-year car and truck loans.”