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Average length of a car loan nears 70 monthsThe average car loan term is 68.48 months for a new car and 67.41 months for a used car, or close to six years, according to Experian data. The average length of auto loans for new and used ...
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What Is the Average Car Loan Length?The average car loan length is 68 months, according to the 2024 Experian State of the Auto Finance Market report. This is slightly higher than it was the year before. Typically, auto loan terms ...
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