Car Loans News and trends

Car loan competition delivers consumer savings

Although household debt is already at significant levels, car loan approvals are expected to continue to rise throughout the 2006/2007 year, according to a recent report from KPMG. This is despite the rise in fuel costs reported over the same period.
The profile of borrowers has also changed. These days lenders have to be willing to take on higher risk customers, offering them the same competitive products that the lower risk borrowers have always enjoyed.

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