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Automobile-loan delinquencies are at a record high, but experts say this may not impact your ability to get a loan for your car purchase.



In the fourth quarter of 2019, the outstanding balance on automobile loans and leases hit a record high of $1.33 trillion, according to data from the New York Federal Reserve, up nearly 5% from the year-earlier period.

Some $66 billion, or 5% of the outstanding loans, are over 90 days delinquent, up from $57 billion for the same period last year and $35 billion a decade ago...


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Auto Loan Delinquencies Are At RECORD HIGHS And The COST Of Vehicles Are Only Going UP — This Can't Be Good, Right?

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