Quick Tip: Long auto loans

Source ABC Local
Original Load Date May 2, 2026, 7 p.m.
Last Updated May 2, 2026, 7 p.m.
Original URL https://abc7chicago.com/post/team-quick-tip-long-auto-loans/19024496/

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CHICAGO (WLS) -- Here's a quick tip on avoiding what's known as a "long" auto loan. A new [ LendingTree study ][2] finds Americans with auto loans longer than six years pay nearly 82% more in interest. That's about $6,000 extra over the life of the loan. The study says more than a third of borrow...