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Consumer Advocates Oppose 7 year Car Loans

The banking industry’s latest concept to lower monthly car payments is the 7 year loan.  Already, car dealerships are offerring 9 year car loans
Consumer advocates  urging people to steer clear.
The biggest pitfall of the loan is that cars depreciate quickly.
Car buyers a finding out that they can quickly find themselves in an upside down situtation [...]

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