Experts Warn Against Long-Term Auto Loan Trend
After a year of record new-vehicle sales, automakers, dealers, and the banks and finance companies that issue car loans are jubilantly exchanging high-fives. Analysts list several reasons for record sales of 17.5 million vehicles in 2015, including an improving economy and job market, low interest rates, cheap gas and growth in leasing. New-car sales also are being driven by easy credit: Consumers, many with marginal credit ratings,...
