Do longer car loans make sense?

(WXIA) -- If you're in the market for a new vehicle and plan on financing, rates are low while the terms of the loans are long and only getting longer.

Experian Automotive says in the first quarter of 2014, nearly 25% of all new-car loans were 73 to 84 months long.

Does a six, seven or even eight year loan make financial sense? Money expert Ted Jenkins of oXYGen Financial offers his insight.

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