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Share of 7-year car loans grows as buyers 'work harder to make the numbers fit,' expert says

With the amount financed reaching an all-time high, more car buyers are stretching out their loans to at least seven years to afford the monthly payments.

1 report1 sourceApr 14, 2026, 12:36 PM
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CNBCApr 14, 2026, 12:36 PM

Share of 7-year car loans grows as buyers 'work harder to make the numbers fit,' expert says

With the amount financed reaching an all-time high, more car buyers are stretching out their loans to at least seven years to afford the monthly payments.

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