Auto loan finance data released today shows millennials

Data released today shows millennials are increasingly using auto loan finance options for both new and used cars. Publicly traded lenders in this niche could see portfolio expansion and improved cross-selling opportunities in insurance products. If you’re having trouble making ends meet, switch to generic products. “You’ll save 10% to 20% or more with store-brand products,” Kilgore said. How much you can borrow with a personal loan depends on the lender (and your credit score and debt-to-income ratio). However, many lenders offer maximum loan amounts up to $50,000 or $100,000. Spreads on auto loan finance securitizations tightened slightly this week, indicating strong investor appetite. Stock valuations in the sector may trend upward if this pattern persists amid stable macroeconomic indicators.