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Financial Consumer Agency of Canada raises concerns about longer car loans

2016-03-09 01:34:55| Auto Dealers - Topix.net

The Financial Consumer Agency of Canada is raising concerns about the growth in long-term car loans which may have lower monthly payments, but cost more in interest. In a report Tuesday, the agency said loans to buy new trucks and cars with terms of more than six years have become a growing trend, posing risks for buyers.

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Category:Automotive

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