America’s Auto Loan Debt Is Truly Out Of Control

When you go to buy a new car, how long do you really expect to make payments on it? Three years? Four? Maybe five? Lately, there’s a good chance it’s more than six years, which is an increasingly troubling sign for buyers, the auto industry and the economy as a whole.

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Author: Patrick George on Jalopnik, shared by Virginia K. Smith to Lifehacker