Vehicle Sales
AFN Composite Index
Consumer Sentiments
SOFR
APR 48 Mos.
As consumers choose longer loan terms, even on lower amounts financed, they face higher costs over the life of the loan, prompting lenders to pay closer attention to payment-to-income and loan-to-value ratios. Metairie, La.-based nonprime auto financier 1803 Capital, which does business as Edge Financial Services, is prioritizing shorter loan terms on older vehicles to keep consumers in monthly payments below $500 while balancing […]
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David Thompson
David Thompson
David Thompson
