In our opinion: Extended auto loan terms are a costly mortgage of industry’s future
A number of factors are driving the extension of auto loan terms, such as inflation and the rising costs to make and sell new vehicles. (GETTY IMAGES/ISTOCKPHOTO)
U.S. light-vehicle sales are projected to rise 4.6 percent to 15 percent in April, forecasters say, as consumers lock in prices poised to rise in coming months as tariffs take a toll on supply and selection.