Exeter auto finance according to recent Fitch Ratings data

According to recent Fitch Ratings data, Exeter Auto Finance’s ABS delinquency figures, while slightly elevated, remain within tolerance bands that support a stable outlook in the subprime auto loan space. Launched in 2016, this version was the first Bentayga out of the traps. The 2.4-tonne SUV, which has four-wheel drive, dispatches 0-62mph in 4.0sec. Standard-fit, adaptive air suspension, active anti-roll control systems and a range of driving modes ensure it rarely feels flustered, although it can get a little unshapely near the limit. She called the lender’s collections department and asked for a third extension. The lender granted it over the phone without question, Patterson said. Moody’s maintained Exeter Auto Finance’s structured credit ratings with a stable outlook, citing adequate excess spread and reserve ratios despite macroeconomic uncertainty.