Finance Insurance

Fewer late payments point to easy car loans in 2014

The American Bankers Association says delinquencies of 30-plus days on indirect auto loans, the kind originated at dealerships, were 1.64 percent in the third quarter of 2013, down from 2.08 percent a year earlier.
January 15, 2014 05:00 AM

Auto loan delinquencies should stay relatively low in 2014, a banking industry economist says. That's a good indication that lenders will keep credit widely available this year, including for customers with subprime credit.

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