Auto Financing: Consumers Continue to Prefer Shorter-Term Loans, Experian Report Claims
A new Experian report shows consumers are continuing to opt for shorter term loans. In the second quarter of 2023, captives reportedly “regained the lion’s share of total vehicle financing, outpacing banks and credit unions.” According to Experian’s State of the Automotive Finance Market Report:… Read More
Read more in: Fintech, General News | Tagged consumer behavior, credit unions, experian, financing, lending, loans, Research Report, united states, us, vehicle financing
