Auto&Car

Nov 14 2017

Auto Loan Surge Fuels Fears Of Another Subprime Crisis: NPR #auto #air #conditioning

#subprime auto lenders # Listen to the Story Auto dealers are extending loans to a growing number of people with weak credit. Joe Raedle/Getty Images The number of Americans buying autos approached a record high last year. It’s one more sign of how much the economy is improving. But there’s a big potential downside that’s evoking comparisons to the subprime mortgage boom. Auto dealers are extending loans to a growing number of people with weak credit, and more of them are having trouble making payments. When Chris Westervelt moved from Texas to Alaska to take a job, he decided to …