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TAG SEARCH RESULT: Auto Loan Terms

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October 22, 2015 - Industry News

Banking Regulator Issues Warning to Auto Finance Industry

The Comptroller of the Currency warned in a speech delivered yesterday that the pace of auto lending reminds him of the mortgage industry in the run up to the 2009 financial crisis.

Tags: auto finance, Auto Loan Delinquency Rate, Auto Loan Terms, banks, economic downturn, economic recovery, Experian Automotive, Office of the Comptroller of the Currency

September 22, 2015 - Industry News

Black Book Identifies Underwriting Strategies for Lenders

In order to manage risk levels and achieve ongoing profitability, lenders need to use collateral and residuals in the underwriting process. That’s according to a new whitepaper from Black Book’s Lender Solutions division.

Tags: Auto Loan Terms, Black Book, lenders, underwriting and collections, White Paper

August 27, 2015 - Industry News

Payment Gap Between New and Used Hits All-Time High in Q2, Experian Reports

The rise in new-vehicle prices continued in the second quarter, with more consumers turning toward the used market and leasing. Loan terms also continued to stretch.

Tags: Auto Loan Terms, Experian Automotive, leasing, Monthly Payments

August 20, 2015 - Industry News

Used-Car Prices Hit Record High in Second Quarter, Edmunds Reports

Shoppers were increasingly drawn to “near-new” used vehicles with higher price tags in the second quarter, with the average price of a used car increasing 8% from last year, according to Edmunds.

Tags: Auto Loan Terms, certified pre-owned vehicles, CPO, Edmunds, Edmunds.com, prices, used car sales, used-vehicle values

July 2, 2015 - Industry News

Federal Agency Says Stretching Terms a Concern

The Office of the Comptroller of the Currency said in its semiannual report that stretching terms and higher advances are a concern. The agency said it will continue to monitor the market and will take action when warranted.

Tags: Auto Lending, Auto Loan Terms, Experian, Treasury Department

June 2, 2015 - Industry News

Auto Loan Terms Reach All-Time Highs, Experian Reports

The average loan term for new and used vehicles has increased by one month, reaching new all-time highs of 67 and 62 months, respectively, according to a new report from Experian.

Tags: Auto Loan Terms, Experian, Experian Automotive, loans

June 3, 2014 - Industry News

Experian: Average Loan Terms Stretch to Record High

Loan terms in the first quarter 2014 stretched to their highest level since the company began publicly reporting the data in 2006.

Tags: Auto Loan Terms, Experian Automotive, Melinda Zabritski

March 6, 2014 - Industry News

J.D. Power: Leasing, Long-Term Loans Reach New Highs in February

Terms are stretching, but the firm believes record lease penetration should maintain a healthy supply of future vehicle buyers with shorter purchase cycles.

Tags: Auto Loan Terms, JD Power, Lease Penetration

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