As a result, there are
fewer subprime borrowers getting loans for new cars.
This has led to
fewer subprime borrowers buying new cars this year.
Not exact matches
Even though many of their loans are secured, OneMain Financial is one of the
few lenders that will work with «
subprime»
borrowers while still offering fair interest rates.
For the last seven years car loans have outpaced nearly all lending categories; but with
fewer loan options and the prospect of higher interest rates,
subprime borrowers will continue to avoid new car purchases.
Auto lending volume to
subprime borrowers has increased over the last
few years.
However, if we have no
subprime borrowers we also have
fewer home sales.
There are still a
few brokers and
subprime lenders that offer mortgages for bad credit
borrowers.
Over the last
few years,
subprime borrowers would've had a hard time getting an auto loan with bad credit.
Subprime borrowers often have
fewer options available and can qualify for car loan rates as a high as 15 to 20 percent.