Are long-term auto loans a bad deal?

Chris Farrell Apr 12, 2013
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Are long-term auto loans a bad deal?

Chris Farrell Apr 12, 2013
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One business sector that has been turning out very strong earnings reports recently is the auto industry. Last month, Chrysler, GM and Ford had their best month of sales in 5 years.

But not everybody thinks the upturn is purely a good thing. Marketplace Economics Correspondent Chris Farrell joins Morning Report host Jeremy Hobson to explain why long-term auto loans, which are boosting sales, could be a bad deal for borrowers.

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