Key takeaways: 84-month auto loans hit a record 19.8% of new-car financing in Q1 2025 Affordability remains a top concern ...

including principal and interest. These loans are mostly used for long-term financial planning and typically come with collateral requirements, which call for the borrower to put up an asset as ...

Wondering which is better -- short-term vs. long-term loans? Compare pros, cons and when to choose one over the other.