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The Independent UK
The Independent UK
Business
J.R. Duren

Why a 100-month auto loan might be a bad idea, according to experts

Is the car of your dreams worth an auto loan of 100 months or more?

That’s a question that many consumers are likely asking themselves as the cost of new and used cars and trucks continues to climb. Auto loans of 100 months or more are starting to pop up on lender websites – LOC Credit Union and Americo Federal Credit Union are examples – promising lower monthly payments for budget-conscious buyers.

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