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The average car loans in america now last for 5-7 years

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Old 01-01-08, 02:08 PM
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mmarshall
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Originally Posted by Pearlpower
Even if a Suburban cost $20k what does that have to do with this discussion.Your missing the point and again you are starting to argue semantics which matter none to this thread.

A lot of people do care about what they are paying and are willing to purchase a used vehicle to save up to 70% off a new one. There are also many avenues to finance a used vehicle at great interest rates. Not just your banker. There are two sides to every story along with the associated pros and cons.
OK.....I'll respect your view as a moderator, but I don't think we're really that far off-topic. We were talking about long-term auto loans and interest rates....and there is often a marked contrast between rates for new cars vs. used. It makes up, to some extent, for the difference in the price from depreciation....and whether it is a Certified Used Vehicle or not.
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