Tag: car loan

The steep price Americans are paying for new cars and trucks

The steep price Americans are paying for new cars and trucks

Average Americans can no longer afford to purchase the average new car or truck, according to a new study by Interest.com. “That’s the sobering result of Interest.com’s 2014 Car Affordability Study, which determined how much the typical household in the…

J.D. Power: Long-term loans, leasing gaining popularity among car shoppers

J.D. Power: Long-term loans, leasing gaining popularity among car shoppers

Long-term auto loans and leasing hit record levels in February, according to a J.D. Power analysis of last month’s new-vehicle transactions. “Longer loan terms, coupled with the current low-interest-rate environment, increases the affordability of new vehicles for consumers,” said Thomas…

Auto loans their highest in five years, Equifax reports

Auto loans their highest in five years, Equifax reports

Outstanding auto loans ($859.6 billion) and the total number of existing loans (62.3 million) in December were the highest in more than five years, according to the latest Equifax National Consumer Credit Trends Report. That means automobile lending “continues to…

How online car loans work at Santander Consumer USA

How online car loans work at Santander Consumer USA

An online car loan works a lot like any other financing – except that it’s faster than more traditional methods and puts you in control of the process. Santander Consumer USA and its RoadLoans brand have pioneered online car loans…