Also, If you decide to buy a car now
under subprime financing terms, wait about 6 months after you have financed your vehicle, then refinance the subprime car loan at more favorable terms.
Outstanding
subprime auto debt (classified in the chart below as debt held by borrowers with origination credit scores
under 620) now stands at about $ 300 billion... Since 2011, the overall delinquency rate of loans originated by auto
finance companies has significantly deteriorated.