Beware longer-term six- or seven-year car and truck loans. A 3rd of the latest car and truck loans are now actually much longer than six years. And that is «a trend that is really dangerous» claims Reed. We now have a entire tale about why this is the instance. However in short, a seven-year loan means lower monthly premiums when compared to a loan that is five-year. Nonetheless it will even mean spending a complete lot more income in interest.…