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Why You Shouldn't Worry About Rising Auto Loan Debt
Low loan-to-income ratios and cheap credit should keep borrowers in the clear
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Car loans in the U.S. are soaring, but don't expect a crash any time soon.
Personal income gains, coupled with historically low interest rates, should help cushion borrowers and reduce the likelihood of a rise in defaults despite the recent increase in auto lending, according to a new report from London-based Capital Economics Ltd.