CLEVELAND — Here’s just another sign that cash-strapped consumers are searching for ways to stretch their dollar even further.

I've learned that many car owners are now looking to extend their loans through refinancing.

"Very few people have actually done it, but there's 100 million consumers with car loans out there. They can very simply come to Caribou. They can check rates and figure out if they can get a savings on their car payment. And on average, we save customers about $151 a month on their car payment," said Caribou CEO Simon Goodall.

Caribou, an auto refinance company, reported that demand for its services has been off the charts.

And for the first time, Caribou saw 84-month refinance terms have become the most popular choice among borrowers.

As for why?

Caribou says stress

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