The state of the auto loan market is causing some concern among analysts. Many are drawing comparisons with the mortgage-lending crisis that figured largely in the financial crash of 2008. At issue is the growing number of riskier, subprime loans. Default rates are going up too. And lenders are starting to get spooked. Click the […]
People who took out subprime loans to buy a car are falling behind on their payments at the highest rate since the financial crisis. That could lead to higher costs for people who want a car loan. It’s also bad news for the automakers. Click the audio player above to hear the full story.
Experian says borrowers are "very prime," but not everyone agrees.
We're borrowing more cash than ever to buy cars - and banks are happy. For now.
If you've ever passed a used car sale and seen phrases such as "No Credit, No Problem," chances are it's offering on-the-spot financing. And it could well be a scam.