http://www.safehaven.com/print/32028/auto-lending-standards-plunge-new-car-loans-average-110-ltv-used-car-loans-133-ltv-with-55-subprime-repossessions-up-sharply
U.S. car sales are up. It's easy to explain why: car
buyers borrow more as standards loosen
The average loan on a new car climbed to $26,719 in the third quarter, up
by $756 from a year earlier, and the most in at least five years, according
to data collected by Experian Plc.
Despite borrowing so much more, average monthly payments on new car loans
rose only $6 to $458. That is because banks and finance companies were willing
to lend at lower rates and grant borrowers more time to repay.
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