Should You Take Out a Long-Term Car Loan? - Kiplinger Personal Finance

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Should You Take Out a Long-Term Car Loan? Kiplinger Personal Finance The average length of a car loan is at a record high 66 months, says Ron Montoya, consumer advice editor for car shopping Web site Edmunds.com. It's been inching up almost every year since 2002, when the average length of a loan was 59.3 months.

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