Average Vehicle Loan Amount Drops

Auto loan

SubPrimeNews.com - March 16, 2011

The Fed­er­al Reserve has report­ed the aver­age amount financed for new vehi­cles has dropped below $27K for the first time since Feb­ru­ary, 2009. Like­wise the loan to val­ue ratio declined to 80 as inter­est rates rose from 4.55% to 4.73%. The aver­age amount financed in Jan­u­ary, 2009, was $22,922.

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