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In fact, a recent article in Fortune mentions it might be the next bubble.
They said, The average duration of a new-car loan rose to a record 66 months and a record 62 months for used cars, as lenders wrote more five-year, six-year and seven-year loans so that buyers could afford the monthly payments.
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After thinking more about this debate, doing my research and talking to my father-in-law, Im definitely less judgmental about people who have car loans and realize that if someone is smart with their finances, they could come out on top by investing the money instead.
Brian Houston, Global Senior Pastor of Hillsong Church, visits the studio to chat about making the most of every day: "My attitude toward today is helping me build tomorrow.".
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