After comparing financing offers from 157 lenders, the latest Auto Financing Report from Wallet Hub reveals auto financing offers are likely to worsen over the next 12 months.
Wallet Hub published its “2015 Auto Financing Report” after consulting auto industry and consumer spending experts, and notes 2015 will end with a record 17 million vehicles sold.
Car loan rates drop
According to the 2015 Auto Financing Report, thanks to an aging fleet of vehicles and drastically suppressed interest rates and improving economic conditions, 2014 witnessed 16.5 million cars being sold.
The report points out that interest rates for both new and used cars are at their lowest levels in the past few years:
Setup a free account to get access to this article (no credit card required).
Login required to continue reading.
