In this video, Lucky Lopez breaks down the surprising financial shift as auto loan debt surpasses student loan debt in 2024.
People who were unaware of commission paid when they bought a car on finance may be in line for payouts, but face delays.
The average auto loan rate for someone with excellent credit is 5.25%, according to CNN. If your credit is less than perfect or if you’re buying a used car, expect that rate to be much higher.
Bank loan growth is expected to contract this year, although it picked up slightly in the fourth quarter, with banks ...