Auto lenders are responding to the bad economy by loosening up a bit.
More and more people with problematic or blemished credit are able to get car loans these days, and that is especially true with the new-car loans.
The average amount financed on vehicle purchases is also increasing.
While lending standards are still much tighter than a few years ago, it is still getting better for those with less than stellar credit.
Looks like a benefit for consumers and the economy.
Read more at thecarconnection.com