You may be able to avoid repossession of your vehicle if you default on ... the highest interest rates. According to Experian, the average interest rate on a subprime car loan during the fourth ...

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 ...

Subprime auto loans are dangerously common, so it’s important to avoid falling into a similar trap. Auto lenders establish loan rates based on borrower credit scores. Borrowers with poor credit ...

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 ...

However, with elevated defaults and realized losses ... a recent Nerdwallet article suggests only deep subprime auto loans have interest rates approaching what Vroom charges (Figure 8).

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.