Records have been set in practically every metric for auto loans, as of late: Americans owe a record $1.1 trillion in loans; a record 20 percent of new car loans have 72 month terms; people are overall paying record amounts for a new car; and a record 6.3 million people are 90 days or more behind on their loans.
Maybe this won’t cause the next Great Recession, but it ain’t good.
Submitted April 21, 2018 at 02:59PM by bareley https://ift.tt/2HHi5AT
