F&I data: New-vehicle loans lengthen while used-vehicle terms slip in Q3

Customers view used vehicles for sale at a dealership in Colma, Calif., on Friday, June 21, 2024. — Customers view used vehicles for sale at a dealership in Colma, Calif. (BLOOMBERG)

November 19, 2024 09:41 PM

New-vehicle buyers continued to turn to longer finance term lengths in the third quarter to alleviate the strain of high prices, according to Edmunds.

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