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Auto loans boom follows car sales surge
2013-11-18 06:02:54| Auto Dealers - Topix.net
A boom in auto loans continues to support a resurgence in U.S. car buying that has hit its highest sales pace since 2007.
In car sales, subprime loans find new life
2013-11-17 10:09:50| Auto Dealers - Topix.net
If you are interested in this story, you might be interested in others from The Journal Gazette.
Federal regulators investigate car dealer loans for possible discrimination
2013-11-16 22:25:59| Auto Dealers - Topix.net
Dealers have the discretion to mark up the interest rate on car loans they arrange through lenders, a practice that can boost the profit on a sale of a car by hundreds of dollars.
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Auto loans boom follows car sales surge
2013-11-14 03:02:25| Auto Dealers - Topix.net
A boom in auto loans continues to support a resurgence in U.S. car buying that has hit its highest sales pace since 2007.
Are Lengthy Used Car Loans a Bubble Ready to Pop?
2013-08-06 23:32:48| AutomotiveDigest.com - Automotive Industry News
Used car loans have been getting longer, according to Experian Automotive loans of 61 to 84 months made up nearly half of used vehicle loans in the first quarter of this year. Loans in the 61 to 72 month rose 6% during that time, and loans in the 73 to 84 month range spiked up 23%. There was decline in loans with 60 months or less. The loans are appealing to consumers but are something to watch. Tom Webb, chief economist at Manheim Consulting, thinks its a significant trend. Webb thinks its a bubble in the early stages of formation.The Article Are Lengthy Used Car Loans a Bubble Ready to Pop? appeared first on Automotive Digest.