Wells Fargo would continue to examine the topic, but “it’s not what we do today,” Sanders said.
Chuck Jones, COO of Truist Dealer Financial Services, told the summit his bank had offered 84-month auto loans for years.
“We don’t use that to fit a payment,” he said.
Instead, Truist offered them as a “lease fighter” because the bank doesn’t have an auto leasing business, he said.
Jones also noted the extended terms originated at SunTrust, the bank that merged with BB&T to become…
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