CategoryFinance Insurance

84-month auto loans gain in popularity

As of the third quarter of 2022, one-fifth of all new-car and one-tenth of all used-car borrowers were opting for 84-month loans, data shows.
As of the third quarter of 2022, one-fifth of all new-car and one-tenth of all used-car borrowers were opting for 84-month loans, data shows.
Author
JH
By:
John Huetter
January 14, 2023 05:00 AM

Featured Stories

Could Honda-Nissan be the new Japanese juggernaut, or just ‘coalition of the weak’?
ImageCould Honda-Nissan be the new Japanese juggernaut, or just ‘coalition of the weak’?
Dealership’s outreach method boosts Internet closing ratio
ImageDealership’s outreach method boosts Internet closing ratio
Nameplates that went out of production in 2024
ImageNameplates that went out of production in 2024
Stellantis shelves 1,100 layoffs at Ohio Jeep plant to reassess strategy
ImageStellantis shelves 1,100 layoffs at Ohio Jeep plant to reassess strategy