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Old 02-28-2008, 10:38 AM   #1
XDCX
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Join Date: Nov 2007
Posts: 14,869
Default 96 Month Long Loan Terms

I read a report that according to the J.D. Power and Associates' Power Information Network that the most common loan term is now 72 - 80 months.

What caught my attention was a quote from a Chrysler/Jeep Dealer in Texas that reported he has access to 96 month financing but doesn't write anything over 84 months.

I sure hope those 72 - 96 month customers have GAP coverage.

Are you seeing a shift toward longer term financing? Does your store limit the maximum term of the loan?

Here's a link to the new report: http://www.detnews.com/apps/pbcs.dll...802230333/1148
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