Reuters: over 30% of subprime car loans this year won't be paid off until car is 12+ years old, up from 7% in 2019

Reuters reports over 30% of subprime car loans made this year won't be paid off until the car is more than 12 years old, up from 7% in 2019. High car prices are pushing buyers toward older cars and loans of up to 8 years to cut monthly payments.

Detected & updated continuously · Source: Nebula