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A car in every driveway: Why Canadian auto sales are stalling (and why we’ll be buying more used ones) – Rates remained elevated. First off, our cars are lasting longer, so we don’t need to buy new ones as frequently. "Second, auto loan amortizations have lengthened significantly in recent years, with.
Additionally, if you get a loan from a credit union you likely won’t be surprised by any hidden costs associated with auto loans.Use this chart to find the best credit union auto loan rates, including used car loan interest rates from local credit unions and federal credit unions – all of which offer both new and used car loans.
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Will they sell more alternative-fuel cars? Maybe, maybe not. It’s also the year more automakers add new midsize. cheap loan rates for 60 to 84 months made it possible to buy bigger vehicles or cars.
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The best auto loan for you depends on your priorities, but two common goals are to get the most competitive rate and the lowest monthly payment. That’s why longer-term loans are so popular right now, with more people stretching out new and used car loans over 60 months or more. Despite that, new and used car payments hit an all-time high in.
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