Subprime rising: Lenders balance increased demand with affordability

Used-vehicle payments are up 17.6% YoY to $507 in Q4

Subprime lenders are taking action as used-vehicle values reach record highs and affordability remains a crucial concern by offering longer loan terms, and closely monitoring consumer income and interest rates to maintain consumer health in uncharted economic territory. Average used-vehicle monthly payments have been on the rise as wholesale values continue to appreciate. In Q4, […]

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