Finance Insurance

J.D. Power: Perception of lender matters in auto finance

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A customer who sets up financing in advance of a new-vehicle purchase, such as with a preapproval, is unlikely to drop that lender for one offered by a dealership, a new J.D. Power survey found. (DAVID PHILLIPS)
November 30, 2022 02:44 PM

With nearly half of consumers researching auto financing online prior to visiting a dealership, consumers' views on individual lenders matter, a J.D. Power expert said following the release of the company's 2022 U.S. Consumer Financing Satisfaction Study.

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