REM sleep happens when you are deeply asleep, so you should be able to sleep without being disturbed for at least a few hours, since it may take that long. Although it can hap â¦ pen faster. Sondrahail
More alarmingly, Experian data show 27.5% of car shoppers are signing loans for between 73 and 84 months â thatâs from six to seven years, folks, and that category grew 17.1% from the previous year. âTo close the deal, [car dealers] need to offer a payment that is comfortable,â Weintraub says.
Pros and cons of shorter and longer car loans. The average length of a car loan at the start of 2015 was 67 months; thatâs over five and a half years, and about five months longer than in 2010, according to Debt.org, a debt help organization. âThe trend is going even longer with 30 percent of car loans now stretched between 72 and 84 months,â it says. âThe average amount financed in 2015 was $28,711 with average monthly payments of $485, a record high for both length of loan and amount financed.â Itâs easy to see the appeal of longer terms. With the amount financed being stretched over a longer period, the monthly payment drops, which may seem more budget-friendly.