Sentences with phrase «subprime buyers»

Others are in business primarily to serve subprime buyers, but they too may have a minimum score you have to meet to secure a loan.

«While loose lending standards in the mid-2000's led to the rise in subprime buyers who ultimately became distressed owners, falling home prices and rising unemployment resulted in a large share of prime borrowers also defaulting or going through a short sale,» he said.

Subprime buyers in Ontario Canada generally should have at least $ 500 or 5 % down and yes, trade - ins count as a down payment.

The Charger is a darling of subprime buyers who don't want to be seen in a Mitsubishi.

The Journey is the darling of rental fleets and subprime buyers who need 7 passenger seating.

Now that the loans are beginning to deteriorate and subprime buyers are no longer in the market or tapped out, we're beginning to see the real picture — which is much less rosy than it seemed just a year ago.

One explanation for the increase in delinquencies is that subprime buyers are simply buying more car than they can afford.

Not as many subprime auto loans are approved due to critics claiming that financial institutions were offering too many loans to subprime buyers.

Not every homeowner in negative equity was a subprime buyer.