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  2. Car Loan Debt Is Soaring — Here’s What You Should ... - AOL

    www.aol.com/finance/car-loan-debt-soaring...

    Many Americans continue to rack up debt, including by taking on car loans they can't afford. Nationwide, auto loan debt reached nearly $1.6 trillion in the third quarter of 2023, a $71 billion...

  3. Car buyers and credit: What auto financing means for credit ...

    www.aol.com/car-buyers-credit-auto-financing...

    Collateral is how auto lending became an especially distinct type of consumer lending in the U.S., as $1.1 trillion in auto loans are secured by a fleet of 80 million vehicles as of Q2 2024.

  4. Credit Acceptance - Wikipedia

    en.wikipedia.org/wiki/Credit_Acceptance

    Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The company operates its financial program through a national network of dealer-partners, the automobile dealers participating in the programs.

  5. Should You Wait To Buy a Car Until Interest Rates Fall? - AOL

    www.aol.com/finance/wait-buy-car-until-interest...

    Now, in 2024, with the Federal Reserve expected to start cutting the federal funds rates (which tends to affect other interest rates, like for car loans) is it a good idea to wait to get a new car?

  6. RoadLoans - Wikipedia

    en.wikipedia.org/wiki/RoadLoans

    RoadLoans is a direct-to-consumer auto lender operating online and specializing in subprime auto loans. Established in 2000, RoadLoans finances and services new and used car loans as well as offering auto refinance options. [1] The Dallas-based company is a provider of subprime auto loans in the United States. [2]

  7. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    Studies have shown that the average per-unit finance cost can be higher when financing through a dealership than independent lenders. For example, one study found that the price increased by $674 when dealer financing was used, potentially due to additional products or services (an average of 4.63 add-ons per deal) in the financing package.

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