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Car buyers are stretching loans to afford payments — it's a 'potential warning light,' analyst says
Source: CNBC
Automotive & EVConsumer Demand & RetailCredit & Bond Markets
A record number of car buyers took out auto loans of 84 months or longer in the third quarter, while rising amounts financed pushed monthly payments to new highs. The report points to worsening affordability and increased reliance on extended loan terms.
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