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High buyback values create silver lining for lenders

Consumers are turning to CarMax, Carvana and Vroom to trade in their vehicles

Marcie Belles

COVID-19 has turned the auto finance industry on its head, not to mention the adage that a car loses 30% of its value as soon as it’s driven off the lot.   In some cases, demand is driving up vehicle prices higher than their original purchase price, according to an informal survey of social media posts.   Take Twitter user AaronTBurnett, for instance. Three months ago, he bought a four-door, […]

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