Used Car Financing Stats

Amanda Gordon

And the tides continue to turn

 

Used Car Financing Reaches Record High

Derrick Woolfson

That is good to see! I also think another good sign is the decrease in 84+ month loans, which as we know can dry the market. Especially once the customer realizes (in many cases) that they are toasted in their loans. 

Amanda Gordon

Oh my word, they have no clue that they own that car FOR LIFE!!! With so much compliance within automotive you would think there would be more regulation on term although the fact does remain just because it's there doesn't mean you have to use it.

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