FCAC releases research report highlighting risks of extended-term car loans for Canadian consumers

- Auto & Transportation
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The report "Auto Finance: Market Trends" highlights a worrisome growth in long-term car loans. (CNW Group/Financial Consumer Agency of Canada)OTTAWA, March 8, 2016 /CNW/ – Lucie Tedesco, Commissioner of the Financial Consumer Agency of Canada (FCAC), today released Auto Finance: Market Trends (PDF, 692 KB), a research report highlighting a worrisome growth in long-term car loans. Loans with terms of more than six years have…