The Auto Lending Paradox
About the Podcast
The economy is strong, more money is being loaned for vehicles than ever before, and higher-priced cars and trucks are being financed.
Conversely, loan terms are becoming longer and are being extended to more non-prime borrowers. Delinquency rates are on the rise: 2.7 million are 30-60 days delinquent with payments. And, repossessions are on the rise as well.
This strange confluence of factors can negatively affect lenders as they try to secure vehicle liens. Join our conversation about the the current paradoxical financial landscape in motor vehicle lending, how an increase in repossessions can add unforeseen burdens to a lending department, what the next 18 months hold with regard to vehicle repossessions and how lenders can weather the storm.