Tag

Auto Loans

All articles tagged with #auto loans

business1 month ago•3 min saved

Car Trade-Ins Leave Buyers Underwater, Owing Thousands

Edmunds data for Q4 2025 show 29.3% of trade-ins were underwater — nearly a record high — with the average underwater balance at $7,214 and more than a quarter carrying over $10,000 in negative equity. Those rolling it into new loans faced an average monthly payment of $916, with about 40.7% choosing 84‑month terms. The trend traces to pandemic-era pricing and limited leasing options; relief may come from MSRP-friendly deals, but many cars will remain underwater until depreciation slows enough for the balance to fall below value.

via Jalopnik|

#auto-loans #business #edmunds

business2 months ago•3 min saved

Tricolor Executives Face Fraud Charges Amidst Collapse and Industry Concerns

JPMorgan Chase was aware of serious accounting weaknesses at Tricolor Holdings for over a year before its September collapse, which involved double-pledged loans and inflated balance sheets. The company filed for bankruptcy shortly after investigations revealed financial misconduct, including a scheme to inflate collateral and personal expenses by its CEO, leading to legal actions and JPMorgan taking a $170 million charge.

via Financial Times|

#accounting-fraud #auto-loans #bankruptcy

economy3 months ago•1 min saved

US Household Debt Reaches New Highs Amid Rising Financial Strain

Americans' household debt has reached a record high of $18.59 trillion, driven by increases in mortgages, student loans, credit cards, and auto loans, with student debt hitting $1.65 trillion and delinquency rates rising, especially among student borrowers, though overall household financial health remains relatively strong according to the Federal Reserve Bank of New York.

via abcnews.go.com|

#auto-loans #credit-cards #economy

business4 months ago•2 min saved

PrimaLend, a Subprime Auto Lender, Declares Bankruptcy Amid Debt Crisis

PrimaLend Capital Partners, a subprime auto lender, filed for bankruptcy after missing interest payments, as financial stress in the subprime auto loan sector increases, with the company planning to sell its business and continue servicing existing loans.

via Bloomberg.com|

#auto-loans #bankruptcy #business

business4 months ago•3 min saved

Rising Auto Loan Defaults Signal Financial Strain on Americans

Auto loan delinquency rates in the US have risen over 50% in the past 15 years, driven by record-high car prices, increased interest rates, and longer loan terms, with more Americans falling behind on payments amid economic pressures like inflation and employment instability.

via CBS News|

#auto-loans #business #car-prices

business4 months ago•3 min saved

Rising Auto Loan Defaults Signal Financial Strain on Americans

A new report reveals that over 28% of car trade-ins in the US are underwater, with the average debt exceeding the car's value at $6,905, driven by rising interest rates, extended loan terms, and falling car values, indicating a worsening financial situation for American car buyers.

via Carscoops|

#auto-loans #business #car-values

business4 months ago•6 min saved

US Auto Loan Defaults Surge Amid Rising Car Prices

The surge in auto loan delinquencies and repossessions in the US, driven by rising car prices, higher interest rates, and economic stress on lower-income households, signals potential broader economic issues, especially within the sub-prime auto lending sector, as recent company collapses highlight increasing credit stress.

via The Guardian|

#auto-industry-crisis #auto-loans #business

economy5 months ago•4 min saved

U.S. Auto Debt Hits Record Highs, Raising Recession Fears

Americans' record-high car debt, driven by soaring vehicle and insurance costs, is raising concerns of a potential recession similar to 2008, as increased delinquencies and longer loan terms threaten economic stability.

via Daily Mail|

#auto-loans #car-debt #economy

finance5 months ago•4 min saved

Fed's Rate Cut: Impacts on Loans and the Housing Market

The Federal Reserve has cut its benchmark interest rate by 0.2%, the first reduction in nine months, which is expected to gradually lower mortgage rates and provide some relief for borrowers, while potentially reducing yields on savings accounts. However, auto loan rates and credit card interest rates are unlikely to decline immediately, with credit card rates remaining high. The rate cut aims to balance inflation control and employment support amid a cooling economy and persistent inflation.

via Syracuse.com|

#auto-loans #credit-cards #fed-rate-cut

economy5 months ago•5 min saved

Credit Scores Decline at Fastest Rate Since Great Recession

Credit scores in the US are declining at the fastest rate since 2009, driven by high living costs, student debt, and economic disparities, with younger Americans especially affected by increased delinquencies and job market challenges.

via CNN|

#auto-loans #credit-scores #economy

business5 months ago•2 min saved

Rising Auto Loan Defaults and Repossessions Signal Financial Strain for Americans

Auto loan debt in the US has reached $1.66 trillion, with rising delinquencies and repossessions, especially among younger and higher-credit-score borrowers, raising concerns about a potential economic crisis similar to 2008, and prompting calls for congressional action to protect consumers.

via Carscoops|

#auto-loans #business #consumer-debt

business5 months ago•2 min saved

Lendbuzz Fintech Files for US IPO

Lendbuzz, a Boston-based fintech specializing in AI-driven auto loans, reported a 38% revenue increase to $172.9 million in H1 2025 and plans to go public on Nasdaq, reflecting a rebound in fintech IPO activity.

via Yahoo Finance|

#auto-loans #business #fintech

business5 months ago•2 min saved

Tricolor Auto Files for Bankruptcy and Suspends Operations

Tricolor Holdings, a US-based used car seller and subprime auto lender focusing on undocumented immigrants, filed for Chapter 7 bankruptcy with liabilities between $1 billion and $10 billion, listing 25,000 creditors including major banks, and is expected to have its assets sold by a court-appointed liquidator due to its inability to restructure debt.

via Bloomberg|

#auto-loans #bankruptcy #business

business7 months ago•2 min saved

Consumers Ready to Buy Cars Despite Tariff Uncertainty

Amid concerns over rising car prices and policy uncertainties, middle-income Americans are accelerating their car purchases, with more considering buying now rather than delaying, driven by fears of future price hikes and incentives ending, as shown in a Santander survey.

via Axios|

#auto-loans #business #car-buying

finance7 months ago•5 min saved

Skipping Car Payments: The Last Warning Sign

Consumers skipping auto payments, especially among subprime borrowers, signals rising financial stress and potential market dislocation, despite optimistic headlines. This behavior indicates deeper economic issues, with auto loan delinquencies reaching 15-year highs and market mispricing the risk, presenting opportunities for early investors to position ahead of a broader downturn.

via Forbes|

#auto-loans #consumer-credit #delinquencies