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Stock impact report

Getting a car loan just got easier — 3 lenders offering longer terms [CNBC]

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: CNBC
A recent Kelley Blue Book report found that lenders were more likely to approve loans with longer repayment terms (think 72+ months), along with higher down payments (13.4% of the loan's value, which is up slightly from 13.3% in December). A long repayment term on a loan can mean lower monthly payments, which is a win if you need a car but also need to maintain some wiggle room in your monthly budget. It also means you're in debt longer and you ultimately pay more in interest. Here's where to look if a long car loan appeals to you. Protect your vehicle and your budget with a car warranty Car loans with longer terms If you're looking to get a car loan with a longer loan term (72+ months), we have a couple of lenders on our radar that offer just that. Capital One Auto Finance offers loans from a traditional bank with terms that range from 24 to 84 months. Loan amounts from this lender start at $4,000 and there are no early payoff penalties. APR Loan types Loan amounts Show less Read more
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