Tag: Loan Term Length
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Navigating Car Financing: The Impact of Loan Term Length on Affordability
For those without substantial savings in high-yield accounts, securing a loan term length becomes a vital step in the purchase process. The escalating average price of new cars, hovering just above $48,000 and poised to breach the $50,000 mark, is prompting potential buyers to consider loan term length options Typically, a 10% down payment is…