Attitudes Toward Subprime Auto Loans Improving

Subprime loan

Used Car News - May 7, 2013

Subprime mortgages caused big problems in 2008 and 2009 and subprime auto was tainted because it shared the same name, said Greg Goebel, CEO of Used Car University. Ill-informed people might see parallels, said Jack Tracey, executive director of the National Automotive Finance Association. Informed sources, such as rating agencies and credit bureaus, take a very positive view of auto lending these days.