Jackson & Spinella on Auto Financing

autoloans_11_13_2008-1_39_pm.jpg

- July 23, 2012

Auto­Na­tion Chair­man and CEO Mike Jack­son says auto financ­ing con­di­tions are “ful­ly back” to where they were six years ago. Are they?

Art Spinel­la, CNW Research pres­i­dent, says all indi­ca­tions are con­sumers are revert­ing back to home equi­ty loans to pur­chase autos.

“But what is dif­fer­ent, of course, is using home equi­ty lines as a pig­gy bank. Those days are over,” Jack­son not­ed. “That has noth­ing to do with auto finance, but it cer­tain­ly was part of the busi­ness that peo­ple could use home equi­ty for down pay­ment or even to pay for the entire car. That game is over.”

But Spinel­la dis­cov­ered indi­ca­tions are con­sumers are revert­ing back to home equi­ty loans, espe­cial­ly among those who have been long-time own­ers of their res­i­dence and still have equi­ty to use.

Tags:


0 Comments

    Leave a Reply

    Your email address will not be published. Required field are marked *.




    https://www.salon-svadebny.com.ua/

    monaliza.kiev.ua

    www.seotexts.com