Rejection rates for all kinds of loans climbed in 2023, and application rates dropped, according to quarterly survey on credit access Would-be car buyers say lenders have been tapping the brakes hard in 2023, according to a new look at consumer access to credit. A record-breaking share of auto loan applicants say they’ve been rejected […]
Tag: Car loans
New Car loans are getting impossible to pay
You’ve managed to buy the car, but can you afford to keep paying for it? Along with soaring car prices, loan rates are the most expensive they’ve been in more than 15 years, with the average monthly payment on a new car at an all-time high, new data from auto website Edmunds shows. The result […]