Speed Bump Ahead: As Auto Loans Accelerate Toward 84 Months, Caution Is Warranted

Speed Bump Ahead: As Auto Loans Accelerate Toward 84 Months, Caution Is Warranted

S&P Global Ratings senior director Amy Martin recently assembled a report with a title that concisely summarized the current state of auto financing.

“The auto finance and auto loan ABS market survived the earlier lengthening of loan terms, and we believe it will weather the evolution to 84 months, although it’s not a welcomed trend,” Martin concluded.

 

LinkedIn: https://www.linkedin.com/posts/andremartinhobbs_assessing-risk-as-84-month-contracts-become-activity-6585579484722851840-LpQ6

Source: https://www.autoremarketing.com/subprime/assessing-risk-84-month-contracts-become-more-prevalent

Assessing risk as 84-month contracts become more prevalent