People buying a new vehicle continue pushing the envelope, borrowing more and, on average, paying more each month for their auto loan.. Explore More With Shamel News- Auto loans hit record high, sending borrowers with the best credit to the used market – This Article Published By: / CNBC 0 – Views
Auto loans hit record high, sending borrowers with the best credit to the used market No Comments People buying a new vehicle continue pushing the envelope, borrowing more and, on average, paying more each month for their auto loan.
Borrowers are paying a record high average of $31,455 for new-vehicle loans. read more at Car and Driver Experian says the average new-vehicle loan has hit a record high of $31,455.
Will a Different Type of Loan Cause the Next Financial Crisis?. the rise in subprime auto loans and their high LTVs is creating a very delicate economic situation.. even a 1% spike in the.
Subprime Auto Loans: A Second Chance at Economic Opportunity Amy Crews Cutts. during the first six months after origination for borrowers with credit scores below 550, the deep subprime range, by. the subprime auto lending market to the subprime mortgage lending.
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