Is the current $336B Subprime auto loan boom about to implode and become like the subprime mortgage bust of the past?
Auto loan funders and securization underwriters are investing heavily. Credit standards are being relaxed. Lenders and dealers are going ever-deeper into subprime auto loans including Buy Here Pay Here lending programs
Therefore, dealers must pay attention and be vigilant. This Thought Leader Series posting from David Meyer, Executive VP of Spireon outlines how GPS Tracking is a savvy solution for dealers to adopt for better security and risk abatement practices in subprime auto lending
The Article
DEEPER AUTO LOANS CALL FOR BETTER DEALER SECURITY PRACTICES
appeared first on Automotive Digest.