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What to look for: PenFed Credit Union offers auto loan terms from 36 to 84 months on new vehicles with APRs from 4.24% to 6.04%. Up to 125% financing is available in the U.S. Up to 125% financing ...
Learn about long-term car loans, their pros and cons, and whether an 84-month car loan is worth it based on your financial situation and car-buying needs. Learn about long-term car loans, their ...
People with excellent credit qualified for rates around 5.61 percent, while people with bad credit had an average new car rate of 14.17 percent. ... Car loan terms range from 24 to 84 months ...
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But even after spreading the financial load over several years — the most common auto loan terms are 60, 72 and 84 months — many car owners still struggle to make their monthly payments.
According to Experian data, the average rate for someone with excellent credit buying a new car was 5.61 percent in 2023. People with bad credit paid significantly more — with an average ...
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