Auto Lenders Loosening Up Lending

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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