State of the Auto Finance Market
For used vehicles, the 85-plus month loans had an identical attrition rate (28.3 percent) to the 37 to 48 month loans. For new vehicles, the 85-plus month loans had an attrition rate of 25.4 percent compared to an attrition rate of 27.2 percent for the 37 to 48 month loans. Attrition by loan term New Used 37-4849-60 85+ 61-72 73-84 29% 27% ................
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