Fact checked by Betsy Petrick Key Takeaways Chase, Capital One, and Bank of America are among the lenders who provide loans ...
Car buyers still face vehicle shortages and rising prices. Buying a used car remains expensive even as supply chain bottlenecks have eased up, pushing the average loan amount to $28,506. Consumers are ...
J.D. Power is sharing the results of its new study into how satisfied new and used auto loan customers are with their ...
Editor's note: This article has been updated to correct the spelling of Sam D'Arc, COO of Zeigler Auto Group. Eighty-four-month auto loans have soared in popularity among new vehicles and more than ...
Chase Auto provides loans for new and used vehicles, but borrowers must buy from one of 12,000-plus dealerships in the Chase network. Recently, Chase begin offering auto loan refinancing. NerdWallet's ...
Credit reporting company Experian says drivers are opting for used cars over new ones more than ever before. In the second quarter of 2022, 62 percent of car buyers financed a used car, which is a ...
Used car loan-to-value ratios (LTVs) have been trending negatively for consumers, averaging 125% in the first quarter, an increase from 110% a year ago. With the expected "accelerated depreciation" of ...
The popularity of used cars has increased significantly over the past few years and has in fact exceeded the number of new cars being bought every year. Since the car is an ever depreciating asset ...
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Car Buyers Are Starting To Miss Payments At A Record Pace
America’s most financially risky car buyers are falling behind on their loans at a speed not seen in the last thirty ...
Americans with lower credit scores are falling behind on their car payments at the highest level in decades. A record 6.65 ...
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