digg

Facebook Connect Join Digg About

Will car loans be the next credit meltdown?

consumerist.com — The length of the average automobile loan hit five years, four months in October, up more than six months from 2002, according to the Federal Reserve. Today's average car owner owes $4,221 more than the vehicle is worth at the time it's sold. Delinquencies on car loans issued this year are up 20%.

Who dugg this?

Digg DudeWhat is Digg?

Digg is a place for people to discover and share content from anywhere on the web. Digg surfaces the best stuff as submitted and voted on by the community. Take the Tour to learn more.

0 Comments

show profanity settings
expand all

  • Add a Comment

    Login or register to comment!
    Or, sign-in super fast with your Facebook account ...