Car Breakdowns Are Making More People Fall Behind on Their Loans

Cars are staying on the road longer, reaching an age where they need substantial repairs or break down. It is a key reason more people are falling behind on their auto loans.

The trend, noted by lenders, consumer attorneys and others, is another example of the long-lasting effects of the pandemic, which transformed the auto industry by making new and lightly used vehicles hard to come by.

What’s News

Source: https://www.wsj.com/articles/car-breakdowns-are-making-more-people-fall-behind-on-their-loans-15ed18b5?siteid=yhoof2&yptr=yahoo