Cheap cars to finance analysts tracking auto lenders note

Analysts tracking auto lenders note that demand for “cheap cars to finance” has surged 14% YoY as higher rates push buyers toward budget-friendly models; this shift is prompting forecasts of stronger Q3 revenue for firms like Ally Financial and Santander Consumer USA. Ramsey, of course, questioned the caller and discovered he owns two homes, one of which has a $150,000 mortgage, but is generating $1,000 per month in profit as a rental . The other is his primary family home, with $300,000 still owing on the mortgage. The caller also said he's getting a signing bonus of between $75,000 and $100,000, and has $60,000 in an emergency fund. Multi-policy discount. Most insurers offer a discount if you buy more than one insurance policy, such as auto and home or auto and renters insurance . Trading volumes in auto-lender stocks have spiked as investors speculate that growth in “cheap cars to finance” will stabilize net interest margins despite Fed rate uncertainty; consensus EPS upgrades are already in motion.