TORONTO: In the Canadian
auto loan market, fundamentals continue to improve.
SAN DIEGO -- Credit unions can get a leg up in the auto lending market by responding to new demands for leased vehicles and extended
auto loan terms, John Sidman, director of automotive solutions for Experian Automotive, advised attendees during a CU Direct DRiVE 16 breakout session.
Customers can walk into an auto dealership or any other of the bank's touch points and provide biometric details, which will be used to approve an
auto loan with minimal documentation.
While prime
auto loans continue to perform well subprime
auto loan ABS ANLs are deteriorating at a quicker pace recently crossing 8% before dropping to 7.
And
auto loan balances (which include leases) have been rising for more than three years.
That could amplify the impact of any rise in
auto loan defaults.
Mission Fed's new Bottom Line Rates were designed to make attaining a new
Auto Loan easier for their customers.
Bank Sohar declared the introduction of their Al Mumayaz
Auto Loan offer at a press conference held at Grand Hyatt Muscat.
Emirates NBD has announced the launch of its 2012 Ramadan
Auto Loan promotion, which features prizes and low interest rates
Summary: Emirates NBD announced the launch of their special 2012 Ramadan
Auto Loan promotion, which gives borrowers a chance to win prizes while also enjoying low interest rates to buy their dream cars.
We are confident that customers will be delighted with our competitive
auto loan rates.
plans to offer
auto loan services in China as the Chinese auto market is expected to grow rapidly, company sources said Thursday.
auto loan - a personal loan to purchase an automobile