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Auto Borrowing Rises Amid Low Interest Rates, Solid Economy

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Auto-loan originations increased to a near record $159 billion in the third quarter amid growth in loans with terms longer than six years as Americans stretch to afford higher car prices

Auto-loan originations increased to $159 billion in the third quarter to a near-record, according to a report released Wednesday by the Federal Reserve Bank of New York. The increase came amid growth in auto loans with terms longer than six years as Americans stretch to afford higher car prices.

 

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Higher prices caused by Govt regulations taxes spending printing inflating prices faster than wages

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