Average monthly new-vehicle loan payment hits $761 in June
June marks the second-highest monthly payment in decade
Consumers are slowing purchases and auto lenders are tightening credit standards as auto loan delinquencies and monthly payments continue to climb. The amount of auto loans that were 60-plus days past due hit 1.41% in May, up .02 percentage points year over year, according to an Equifax webinar on July 17. Lenders are tightening their […]
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