Sentences with phrase «total auto loan balances»

Much of the increase in total auto loan balances came from an increase in prime auto loans, even as subprime auto loans declined.

According to the Federal Reserve, «the outstanding student loan balance now stands at about $ 870 billion, surpassing the total credit card balance ($ 693 billion) and the total auto loan balance ($ 730 billion).

Not exact matches

Auto loans are the main reason total balances continue to expand: TransUnion, the credit bureau, recently reported that auto borrowing by Canadians rose nearly 9 % last yAuto loans are the main reason total balances continue to expand: TransUnion, the credit bureau, recently reported that auto borrowing by Canadians rose nearly 9 % last yauto borrowing by Canadians rose nearly 9 % last year.

In the event of a total loss, Guaranteed Auto Protection can waive or cancel the remaining balance of your vehicle loan after the payment from your insurance company.

Most auto insurance policies are designed to only cover the vehicle's current cash value, not the loan balance, when a total vehicle loss occurs.

The New York Fed also reported that demand for auto loans has softened generally over the last year, which raises the question as to how the total outstanding loan balance has reached record heights.

Nonmortgage credit balances — auto loans and cards issued by retailers and banks — totaled $ 3.1 trillion in November, with each sector showing year - over-year balance increases as well.

GAP insurance is a type of auto insurance that covers the difference between your car loan balance and the amount the insurance agency will reimburse you if your car is totaled or stolen.

Important aspects to keep in mind when considering insurance include estimated total of final expenses (e.g. medical bills, burial costs etc.), total living expenses for all surviving family members, any outstanding loans (e.g. auto, credit cards), the unpaid balance on one's mortgage, expected costs for your children's education, the estate taxes, and any business maintenance costs.

Gap covers the difference between your auto loan balance and the car's cash value in the event of a total loss.

If your car is over 2 years old and is totaled, this coverage will pay the balance of an auto loan or replace your older car with a vehicle two years newer.