Home Loans Prime borrowers opting to finance older used vehicles

Prime borrowers opting to finance older used vehicles

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Prime borrowers opting to finance older used vehicles


Prime consumers are increasingly turning to older used vehicles for lower monthly payments as affordability remains a priority.  In 2024, 30.2% of used-car sales were vehicles aged 9 years or older, up from 29.9% in 2023 and 26.6% in 2019, according to a Jan. 21 Experian report.  Though all credit segments have shifted to purchasing […]



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