Experian: Subprime Financing, Delinquencies To Grow in 2014, 100 Month Terms Coming Soon

Just over five years after the Great Recession tightened consumer lending standards on everything from cars to houses, Experian Automotive is forecasting growth in the subprime market for 2014, including longer loan terms and increased delinquencies.

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Auto Loan Delinquencies To Rise In 2010?
Credit reporting agency TransUnion is forecasting a rise in auto loan delinquencies next year, adding to the list of factors that could slow a turnaround in…
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  • AZFelix What could possibly go wrong with putting your life in the robotic hands of precision crafted and expertly programmed machinery?
  • Orange260z I'm facing the "tire aging out" issue as well - the Conti ECS on my 911 have 2017 date codes but have lots (likely >70%) tread remaining. The tires have spent quite little time in the sun, as the car has become a garage queen and has likely had ~10K kms put on in the last 5 years. I did notice that they were getting harder last year, as the car pushes more in corners and the back end breaks loose under heavy acceleration. I'll have to do a careful inspection for cracks when I get the car out for the summer in the coming weeks.
  • VoGhost Interesting comments. Back in reality, AV is already here, and the experience to date has been that AV is far safer than most drivers. But I guess your "news" didn't tell you that, for some reason.
  • Doc423 Come try to take it, Pal. Environmental Whacko.
  • 28-Cars-Later Mazda despite attractive styling has resale issues - 'Yota is always the answer.