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Stories Tagged as

Car loans

Buying a new or used car is easier now, but getting a loan is becoming harder

by Justin Ho
Apr 24, 2023
Lenders are worried about increasing defaults.
People look to buy a car at a dealership in New Jersey.
Spencer Platt/Getty Images
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Auto-loan market starting to spook lenders

by Adam Allington
May 12, 2017
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 […]
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Rising car loan default rates spell trouble for automakers

by Marielle Segarra
Mar 16, 2017
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.
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Just how healthy is the auto loan industry?

by Annie Baxter
Sep 7, 2016
Experian says borrowers are "very prime," but not everyone agrees.
The delinquency rate on car loans is up slightly but subprime car loans are shrinking. 
MARK RALSTON/AFP/Getty Images
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Are booming auto loans risky for banks?

by Mark Garrison
Mar 3, 2016
We're borrowing more cash than ever to buy cars - and banks are happy. For now.
A woman signs a contract with a sales consultant at a Hyundai dealership.
PAUL J. RICHARDS/AFP/Getty Images
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Are too-easy car loans the next subprime disaster?

by Jeff Tyler
Dec 4, 2013
The credit rating agency Experian says Americans are taking out bigger car loans and are taking longer to pay them back.
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Buy here, pay here? - Beware!

by Tess Vigeland
Dec 23, 2011
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.
Supply is higher than it has been, but new car prices are averaging around $50,000 and interest rates remain elevated. That means many buyers are staying away.
Justin Sullivan/Getty Images
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