Listen: Weekly Wrap on the state of subprime and rental markets
Lenders are eyeing affordability amid elevated used-vehicle values
In a market defined by elevated used-vehicle values and limited new- and used-inventory, both subprime lenders and rental car companies are feeling the pressure. Subprime lenders are paying close attention to loan-to-value ratios, longer loan term options and buyer income to keep consumers above water on loans for overvalued vehicles. Meanwhile, the rental car market […]
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