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Average New-Car Loan Length Hits Record of 67 Months
2015-06-09 12:17:14| Auto Dealers - Topix.net
As new-car sales hit their stride this year, Experian Automotive revealed that the length and monthly cost of the average new-car loan have both increased. In the first quarter of 2015, Experian said the average new-car loan lasted 67 months -- over five years -- and that the average new-car payment rose $488 per month.
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Category:Automotive
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