The long loans that were used to goose car sales a few years ago are back. Finance managers say auto lenders are promoting loan terms of 72 months and even 84 months, as they did just before the credit markets crashed in late 2008. “ Customers have no … “Customers gravitate toward lower payments, and extended terms provide more affordable options,” says Gary Allgeier, finance director for the Suburban Collection dealership group near Detroit. “Since many … …
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Longer loans return to help boost sales | 365 News Now.Com