Vehicle Financing - US - May 2017
"New car sales are slowing, driving competition in lending. While interest rates remain the most important consideration for borrowers, lenders – regardless of whether they are financial institutions, dealers, or third parties – have to find ways to differentiate themselves outside of rates. Customer service and convenience are also important, and lenders, dealers, and manufacturers are working to streamline the shopping, buying, and financing processes and make it possible for customers to do everything online if they want to."
Robyn Kaiserman, Senior Financial Services Analyst
This report looks at the following areas:
Millennials are more likely to use the most expensive forms of financing
Fewer are looking to loans for future purchases
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