That answer may be found in part by the fact that more car buyers are opting for longer loan terms. (lendedu.com)
-- More than 75 % of car buyers are choosing longer loan terms for their financing. (starloanservices.com)
For their part, banks are becoming increasingly more comfortable with longer loan terms, now going up to 10 years, and funding higher leverage deals if recourse is on the table. (nreionline.com)