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Auto Credit Access Improved in June
With fewer Americans shopping for new cars, lenders are loosening their standards, approving more loans and lower down payments.
Financing Articles
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It’s Getting Easier to Find a Car Loan
Many Americans believe the economy is a mess, but lenders don’t. Access to car loans improved for the third straight…
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More Americans Behind on Car Payments
A record number of subprime borrowers are 60 days or more behind on their car loans, according to the ratings…
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Car Loans Grew Easier to Find in September
It grew easier for most Americans to qualify for a car loan in September. But credit standards are still easing…
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Auto Loan Rates Likely to Stay High Next Year
The Federal Reserve declined to raise interest rates this week but signaled that rates could stay high longer than expected.…
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It Grew Easier to Get a Car Loan in June
Americans had an easier time qualifying for a car loan in June, but only relative to the worst month in…
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Already Tight, Auto Loan Standards Tightened in May
A car loan was harder to qualify for nationwide in May. Lending standards are now tighter than at any point…
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It Hasn’t Been This Hard to Get a Car Loan in 2+ Years
Access to automotive credit was tighter in April than at any point since February of 2021. The Dealertrack Credit Availability…
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Fed Rate Hikes Are Making New Cars a Luxury
The Fed is making new cars something only the wealthy can afford. Yesterday, the Federal Open Market Committee of the…
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What Is a Car Dealership?
A car dealership is where you go when you’re looking to buy a new or used car — a car…