Finance Insurance

Record 20% of new-vehicle borrowers used 84-month loans in Q1, Edmunds says

A photo illustration showing years stretching off in the future down a road starting with 2025. Twenty percent of borrowers took out 84-month loans in the first quarter of 2025 -- debt which theoretically won't be repaid until the first quarter of 2032. — Twenty percent of borrowers took out 84-month loans in the first quarter of 2025 -- debt which theoretically won't be repaid until the first quarter of 2032. (GETTY IMAGES)

April 09, 2025 04:16 PM

One-fifth of all new-vehicle borrowers during the first quarter took out 84-month loans, a record, according to Edmunds.

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