By 
MarketWatch
Tesla buyers take out the longest auto loans
The COVID-19 pandemic has disrupted supply chains for just about every industry — and the auto industry was certainly not spared. A new survey from LendingTree found that loan lengths were getting shorter before the pandemic, hitting a low in November 2020, at 59.9 months on average, before shooting up to a three-year peak in July 2021 at 65.6 months. LendingTree analyzed more than more than 29,000 auto loans that closed on its platform between Oct. 12, 2018, and Oct. 12, 2021.
Comments