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How long should the term be on my easy online auto loan?

April 26, 2017auto loan easy online term

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How long should the term be on my easy online auto loan?

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Experts recommend keeping the term of your easy online auto loan as short as possible. This does several things. First, it prevents you from remaining upside down in the loan, meaning you owe more on the car than it’s worth. Secondly, it minimizes your interest costs over time, which means the overall price of a short-term loan is lower than that of a long-term loan. Try not to finance for over 36 months, if you can.