Average new and used vehicle loan terms tick down in Q2
Average loan terms declined in the second quarter on new and used vehicles as consumers turned to shorter terms to ...
Tag: loan terms
Podcast: ‘Weekly Wrap’ discussion on loan and leasing trends
Loan terms are shortening, leasing is making a return and market share is trending back toward normal breakdowns as interest ...
Under the Hood: Eroding auto finance dynamics
Used-car prices have shot up 33% in the past three years, but even looming price declines will likely do little ...
$1,000 monthly payments on new vehicles reach record in Q1
The share of consumers paying more than $1,000 per month for new vehicles reached a record high in the first ...
Vehicle loan amounts inch down in Q4
New- and used-vehicle loan amounts continued to grow year over year but ticked down on a sequential basis in the ...
Affordability concerns expected to push out terms
New-vehicle prices have never been higher, and that doesn’t bode well for lengthening loan terms. Average transaction prices for new ...
New-vehicle financing reaches record high
The average amount financed on new-vehicle purchases climbed to a record high in the third quarter as loan terms lengthened ...
AFCU partners with Open Lending to expand credit box
America First Credit Union (AFCU) has partnered with Open Lending to expand indirect lending to near and nonprime or emerging ...
