Auto Finance Trends Shift Towards Long Term Auto Loans

Auto finance companies in the U.S. are switching to longer term car loans, in an attempt to downsize their involvement in the leasing business.

Longer term auto finance loans have a slower repayment of principal, as well as increase the risk of losses resulting from defaults in payments. Leasing companies in the auto finance industry also have to cushion themselves with reserve funds to make up for possible losses from Read more »