U.S. auto lenders give easier terms, cheaper money

Newswire

By David Henry Feb 23 (Reuters) - U.S. lenders made more auto loans in the most recent quarter, but took more risks and charged less interest to get the business, according to a report released on Thursday by credit reporting and market information firm Experian Automotive. Outstanding car loans increased nearly 4 percent to $658 billion at the end of December from a year earlier as borrowers financed larger amounts per car and lenders accepted lower credit scores and gave people more time ...

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