Experian Automotive Talks Average Car Payments, Interest Rates And More On 'Auto Trends' Mother's Day Weekend

 

For those in the market for a new or preowned vehicle, tune in to Auto Trends with JeffCars.com Mother's Day weekend. Melinda Zabritski, Experian Automotive's senior director, joins us to talk about the impact the Federal Reserve raising interest rates multiple times over the past year, as well as the average transaction of a new and preowned vehicle topping out near $50,000 and $33,000, respectively, has had on consumers when they finance or lease. Experian Automotive is a division of Experian credit.

Airing Today On SiriusXM's 'Auto Trends' Part-One Of A Two-Part Series On Credit And Car-Buying With Experian Credit

Over the next two weeks, we have credit and finance experts from Experian, one of the three major credit reporting agencies, who will be joining us to talk one-on-one about everything you ever wanted to know about credit. We dispel all of the myths.

This week's show will appeal to young adults looking to establish credit to more seasoned adults who have faced bankruptcies and divorces to those with thin credit files looking to get back on track. 

From now until Monday, November 26, you can access the SiriusXM app to hear the show for free.  

New shows air every Friday. Encore broadcasts can be heard every Sunday and Monday. 

2014 Experian Study: Credit Scores Tend To Drive What Consumers Buy

Lexus RX350 owners tend to have an average credit score of 775.

Top 5 Models	Average Vantage (Credit)Score
Lexus	RX350	775
Acura	RDX	765
Subaru	Outback	762
Acura	MDX	761
Subaru	Forester	755
Bottom 5 Models
Nissan	Versa	657
Kia	Rio	656
Chrysler	200	651
Kia	Forte	650
Dodge	Avenger	619

Its no secret that for those financing a vehicle, one's credit score tends to determine what consumers drive and buy. A recently released study from Experian, the Atlanta-based credit reporting agency, revealed there is a direct correlation between the average credit scores and the vehicles consumers buy. Consumers with highest on average credit scores top five new-vehicle purchases in 2013 were the Lexus RX350, the Acura RDX, the Subaru Outback, the Acura MDX and the Subaru Forester. In most cases, this should also equate to lower interest rates, too, which in term means lower monthly payments.