Why Longer Car Loans Are Costing Buyers Thousands MoreWhy Longer Car Loans Are Costing Buyers Thousands MoreWhy Longer Car Loans Are Costing Buyers Thousands More
USA TODAY Network / ReutersWith new car prices hovering around $50,000, Americans are taking out longer than ever car loans — and they’re paying thousands more in interest on top of their already pricey vehicles because of it. The average price of a new car in March was $49,275, which was up 3.5% from one year earlier, according to Cox Automotive’s Kelley Blue Book. Car buyers have responded to the rising sticker prices…