Are 100-month car loans the new normal?

Car patrons are dealing with record-high costs, pushing many to take out longer auto loans to handle rising month-to-month funds. Experian experiences common car funds at the moment are about $750, whereas Kelley Blue Book says new autos common round $50,000. Economists say increased manufacturing prices and demand for bigger autos are driving costs up. With some patrons stretching loans to so long as 100 months, consultants warn that longer phrases can enhance curiosity prices and sign monetary pressure.

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