FIGHT FO MARKET SHARE: Many lenders are now offering six- or seven-year car loans in order to win business. Loan repayment periods are "pretty much at all-time highs," says Experian's Melinda Zabritiski.

Is Auto Lending Becoming Irrational?

Lengthening loan terms are cause for concern because they open lenders up to potentially larger losses if loans sour. But low delinquency rates on car loans suggest that such fears may be exaggerated.

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