The average interest rate for a new-vehicle ... but there’s a bustling market for subprime auto loans, too. Borrowers of these loans are at a higher risk of default due to their precarious ...

The average soared to 15.43% for borrowers with deep subprime, or very poor, credit. Rates on used ... invested in the car makes them less likely to default on their loan. Long loan terms, such ...

Vroom's flawed model led to Chapter 11, and ongoing losses and high risks make it an investment to avoid. Read here for an analysis of VRMMQ stock.

Car repossession rates in 2024 reached their ... with 6.56% of subprime borrowers at least 60 days overdue on their loans since January, according to credit agency Fitch Ratings, who said this ...

Don’t have the cash to buy a new car outright ... Terms on subprime loans are less favorable than those offered to borrowers with better credit. Interest rates are higher and lenders will ...

Shopping for a new or used car? Use our free car loan calculator to see your monthly payment and the total interest cost over the life of the loan. Use our calculator to determine both your ...

The Consumer Financial Protection Bureau dropped out of a case alleging one of the country’s largest subprime auto lenders ...

The percentage of borrowers with subprime car loans at least 60 days past due rose to the highest level since at least 1994 in January amid high car prices and elevated interest rates.

Higher interest rates aimed at bringing inflation down also made new auto loans more expensive for borrowers. Subprime auto loan delinquencies rose to a record level in January, Fitch Ratings ...

Some US consumer banks are pulling out of or scaling back their lending in the subprime auto loan market. But that won't matter much to the biggest automakers in America, many of which have ...