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A greater share of people with low credit scores has been falling behind on their car payments in recent months, a sign of stress among consumers whose finances have been hit hard by the pandemic.
Buy-here, pay-here loans can help people with poor credit secure auto financing. They’re offered by car dealerships that provide in-house financing — meaning the dealership both sells and finances its cars.
Inventory shortages mean you're paying a lot more for a used car compared to last year, especially if you want a pickup truck.
The recovery in U.S. auto sales is leaving behind borrowers with subprime credit, according to the latest statistics from Experian Automotive.
For shoppers with subprime credit who’d like to buy a new, entry-level car, the U.S. auto industry has a message: Fuhgeddaboudit.