Retail Auto Loans Market Color

  • Prime auto finance is a relatively mature market, with generally tight margins and standardized pricing.
  • Subprime auto finance is typically more diverse in asset quality, with general collateral pricing based on borrower credit and the extended product (e.g. term, LTV).
  • Auto loans are typically three to seven years in length with fixed rates.
  • Performance of prime auto loans is generally predictable.
  • Performance of subprime auto loans generally vary depending on borrower credit and product type.

Was this article helpful?

0 0
Credit Score Booster

Credit Score Booster

There are many misconceptions about credit scores out there. There are customers who believe that they don’t have a credit score and many customers who think that their credit scores just don’t really matter. These sorts of misconceptions can hurt your chances at some jobs, at good interest rates, and even your chances of getting some apartments.

Get My Free Ebook

Post a comment