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The Truth About 84-Month Car Loans: Smart Move or Financial Trap?

by Editor
November 2, 2025
in Auto Loans, Videos
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The Truth About 84-Month Car Loans: Smart Move or Financial Trap?
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What Happens When You Take 1 Shot Of Olive Oil Before Bed?

Car shopping for has by no means been extra difficult – or dearer. The common new automotive worth has climbed to just about $49,000, in comparison with just below $34,000 a decade in the past. Car sellers are fast to supply a solution: the 84-month automotive mortgage. It sounds easy at first, however it’s a entice. Spread throughout seven years, the month-to-month funds shrink to a quantity that feels manageable to most individuals. A $50,000 car all of a sudden appears inexpensive when the fee is sliced into smaller installments, however is that this actually a wise resolution, or does it carry penalties that may entice consumers in years of monetary frustration?

The rise of 84-month loans is not any accident. Dealerships profit enormously from pushing consumers into longer financing phrases.

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