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In California, the number of auto title loans jumped to 91,505 in 2013, the latest data available, from 64,585 in the previous year and 38,148 in the first year, 2011, that was tracked by the ...
Currently, the average new car loan interest rate for a buyer with excellent credit is 5.25 percent, according to Experian. But that average jumps to 15.77 percent if you have a poor credit score.
For the average new car loan of $40,000 at 6.5%, extending from a 5-year contract to 7 years means you'll pay nearly $3,000 in additional interest, and likely portends negative equity on this car ...
Last year Americans held $1.37 trillion worth of auto loan debt. CR estimates that debt will climb to $1.42 trillion this year. The average new car payment associated with this data is $600 per ...
TransUnion study examines current state of delinquencies and implications for lenders and consumersCHICAGO, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Lower inventories, higher prices and reduced demand ...
Car loan defaults are on the rise, reaching an all-time high. Under the hood of this rising issue, many factors tie into the situation. First off, car prices are higher than they used to be.
The average rate on new car loans was 7.1 percent in August, according to Edmunds, a car shopping website, down slightly from 7.4 percent in the same month in 2023 and up from 5.7 percent in 2022.