More consumers are opting for longer loan terms...

Posted on Jun 12 2014 by
With the cost of new vehicles continuing to increase, consumers are opting for longer loan terms. The average automotive loan term reached 66 months in Q1 2014 - the highest level on record. Leasing also set new records,...

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Consumers are taking on longer automotive loans...

Posted on Apr 21 2013 by
Findings from Experian's latest State of the Automotive Finance Market analysis showed the average loan term for a new vehicle jumped to an all-time high of 65 months in Q4 2012, up from 63 months in Q4 2011. More consumers also...

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Average credit score drops for both new and used auto loans...

Posted on Apr 06 2012 by
The automotive loan market continued to improve, with lenders showing more willingness to lend outside of prime. In Q4 2011, average credit scores for new and used auto loans dropped when compared with Q4 2010. Additionally, the...

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