The State of Americans’ Auto Debt
Auto loan balances, average amount financed, loan length, credit score, debt-to-income ratio, and delinquencies from subprime to prime. By Wolf Richter for WOLF STREET. Loan and lease balances outstanding for new and used vehicles rose by $28 billion in Q2 from Q1, and by $58 billion (+3.5%) year-over-year, to $1.71 trillion, according to the New York Fed’s report [...] The post The State of Americans’ Auto Debt appeared first on CBNC .
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