Driving car loans in a tough market: Creative efforts like balloon payments, car-buying services and great mobile delivery pave the way.
Car prices are going up—with average cost of a new vehicle reaching $37,000 in 2019, according to Kelly Blue Book. In response, consumers are buying more used cars. They’re also holding onto their cars longer—on average 11.4 years, according to R.L Polk—before buying another. And they’re looking for loan options that create monthly payments they can afford, plus easy applications.