According to Business Insider, increases in car price lead to increases in loans, and therefore the time to pay them off. Loan terms, which originally began at 32 months, now can range all the way to 96 months, or 8 years. Financial experts suggest that lengthening loans can be a bad idea, and may do damage to the dealership. Also, not following the 20-4-10 rule can get dealerships and F&I departments in big trouble.
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