1986 Ford F-150 pickup truck Photo: Ford By process of elimination, older used cars are becoming the purchase of last resort for bargain-hunting shoppers and those with subprime credit scores, analyst...
Tag: Experian Automotive
High Prices For New And Used Cars Squeeze Out Borrowers With Subprime Credit
A CarMax lot holds hundreds of used cars and trucks in Gaithersburg, Md. Getty Images Consumers with good credit are buying more used vehicles, likely because used vehicles are relatively more availab...
As Car Prices Get Higher, Auto Loans Get Longer, And Longer — And Longer
A sales lot for certified pre-owned cars, in California. Borrowers are seeking longer loan terms, to … [+] try and reduce monthly payments. Some switch to used cars. AFP via Getty Images Borrowe...