Trappe, Maryland; Town: Motto(s): 19th Century Charm - 21st Century Progress Location of Trappe, Maryland: Coordinates: Coordinates: Country United States: State Maryland: County: Talbot
When buying new cars, if you ignore our advice and you trade in a used car which you still owe money on, insist that the dealer put in writing that they will pay off your car loan in 10 days or no deal. Then the dealer is liable because you took steps to protect your rights up front.
The reality for used and new car buyers is that the days of taking out an auto loan and paying it off within 48 months are long gone. In fact, Experian says the average used car loan monthly payment in the second quarter of this year was $355, with the average loan stretching out over 61 months.he reality for used and new car buyers is that the days of taking out an auto loan and paying it off within 48 months are long gone. In fact, Experian says the average used car loan monthly payment in the second quarter of this year was $355, with the average loan stretching out over 61 months.