US borrowers are paying more and for longer on their auto loans: "Average auto loan: $30,032 — the first time the amount borrowed to buy a new vehicle has topped $30,000.
New car, new reality: Auto loan borrowing hits fresh highs
Average monthly payment: $503 — the first time the average auto payment has gone over the $500 mark.
Average term for an auto loan: 68 months — this is the longest average term ever seen by Experian."
'via Blog this'
No comments:
Post a Comment