Buying a new car? Five-year-plus loans now the norm

Posted by Shopify API on

As commuters from Stansbury Park to Salt Lake City every day, Catherine Rees and her husband started shopping for a reliable car with excellent gas mileage. After a fair bit of research, they decided on a 2013 Volkswagen Golf, and last month the couple applied for the manufacturer’s advertised zero percent down, zero percent financing deal for 60 months. Volkswagen approved and countered with an even better deal, extending those same terms to a 72-month loan, which lowered their monthly car paym...

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