you're in the market to buy a vehicle, there is good news. Financial institutions continue to loosen their purse strings (or wallets) readily making auto loans available again now that we have seeming turned the tied from the economy almost collapsing. According to Equifax,one of the three credit agencies, consumers are getting back on track, repaying their car loans -- as opposed to defaulting. Delinquency rates within the auto portfolio are also improving, and by year-end 2012 decreased by nearly 11 percent from this same time a year ago, while auto loan losses in that same period dropped nearly 10 percent.
To read more about consumer auto loans increasing to $782 billion, click here.
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