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Auto lenders see loan applications jump as tax refunds rise 10%

Tax refunds averaging $3,742 drive surge in auto loan activity

Aidan Bush

Lenders anticipate more auto loan activity and improved credit health in the short term as customers receive 10% larger tax returns on average year over year. West Valley City, Utah-based subprime auto lender Arivo Acceptance’s loan application volume has surged 10% to 15% higher than expected since Feb. 21, Chief Executive Landon Starr told Auto […]

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