The Rise of 84-Month Car Loans Among Buyers

In recent months, there has been a noticeable increase in the number of American car buyers opting for 84-month loans for new vehicles. According to research conducted by the analytics firm Edmunds, the share of such deals rose by almost 40% compared to last year. This trend has emerged as a result of rising prices for new cars and increasing interest rates, which have led buyers to stretch their financing terms.

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