*Ally, the former GMAC, owes taxpayers $14.6 billion. Treasury needs to develop a concrete plan for exiting its 74 percent stake in auto financing company Ally Financial Inc, the second-largest remaining recipient of federal bailout dollars, an internal watchdog said in a report released Wednesday.
As more Americans go into dealerships to buy a new car or truck, they are increasingly stretching out their auto loans to at least five years in length, and often to six and seven years.