00:00It's Benzinga bringing Wall Street to Main Street.
00:03Auto loan rejection rates fell sharply.
00:05Last summer, dropping from 42% in February to 15% by June.
00:10As credit conditions eased, according to Benzinga, lower rejection rates.
00:15This did not make cars more affordable for many buyers, as loan terms continued to stretch
00:20to reduce monthly payments.
00:22Average auto loan balances remain similar across...
00:25With millennials and Gen X borrowers around $22,500...
00:30Baby boomers close behind...
00:32And Gen Z just over $20,000.
00:35The shift appears in the loan structure rather than the balances.
00:38More than half of Gen X borrowers...
00:40Now carry loans longer than 72 months.
00:42With many millennials extending past 80 months...
00:45Gen Z borrowers face the highest average interest rates at around 13%.
00:50Nearly 1 in 10 Gen X borrowers pays $1,000 or more per month.
00:55Placing pressure on household budgets.
00:57For all things money, visit Benzinga.com.
01:00For all things money...
01:01...and 영화 vienen with the new money...
01:02...no remotely...
01:02...weilها ve さ a doula...
01:04...报道...
01:05...just to her co29rds...
01:05I am fullyellt too and then...
01:06click on inappu add to 5.
01:07According to Ken town dusty...
01:08Flynn says, he was bought from 43%.
01:09But as퍼ers rod gains Aunt...
01:09It may be required to...
01:10Calls зар bond
01:11Through all things money例えば...
01:12...
01:22...girl anguish laborers...
01:25...
01:26Now-
01:27...
Comments