The average amount Americans are financing for a new car loan as well as their average monthly payment have hit all-time highs.
Credit unions will be looking to increase their car loan business in the next year, according to a new study by TransUnion.
There are more car leases available than in the past, but car leasing is more expensive on the whole, according to research by SwapALease.com.
Subprime car loans — loans given to people with bad credit — are now being packaged into securities that are being scooped up by investors, according to a recent report by the Los Angeles Times. These loans, given by independent used-car dealerships who promote their businesses as “buy here pay here” are highly profitable because the
If you are a new car shopper with less-than-stellar credit, it’s getting easier to get a good car loan rate.