Expert-Backed Strategies for Managing Auto Debt
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MAY 8, 2025
Theyre calling attention to the rate of serious delinquencyloans that are 90 days or more past duewhich rose to almost 3% in the last quarter of 2024. These accounted for more than 18% of new-vehicle loans in the third quarter of 2024. Thats a large tally, but economists arent just raising a red flag on the total amount borrowed.
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