By Marcie Geffner - LendingTree
Some financial experts say long-term car loans are a bad deal. But the fact is that a longer term loan can help make a new car more affordable for you or enable you to purchase a nicer, more expensive car that you need.
How long is long?
In a CNBC video, financial guru Suze Orman says, “Any car loan greater than 36 months is a sign of financial irresponsibility.”
But many people have loans that are longer, in some cases a lot longer.