Under the Hood: The need for an auto finance reboot
Down payments account for about 17% of financed transaction price
Consumers are backing away from home purchases, in part because they have too much money tied up in auto loans. Existing home sales dropped in March as houses became more expensive. . The seasonally adjusted annual rate of home sales fell 3.7% to 4.2 million, according to the National Association of Realtors. . Meanwhile, the […]
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