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.
01:00To Natomiast Comp ŃŠ»ļæ½ļæ½ļæ½, visit Benzinga.com.
01:01To corners of Gen X borrowers and Gen X borrowers might be a coraria or necesįŗ£n opt for...
01:04Pullers also need to increase.
01:05Or possible...
01:06For all...
01:07Want toijo, can only gain gain money for the albig Number 1 to explain aźµ¬ģ.
01:08To Pennisine and Gen X borrowers...
01:08This saw flickers sort of details that they have made
01:10For all things money in the island.
01:10To whoever is going around 13%.
01:12Those points may be an unf RED welcomes abase hƤr.
01:12For currently one day...
01:14Gourers sor tafelers AtĆ©Š» Ń siglanaga Jericho
01:17And our Chinese borrowers to the side of už necesario.
01:18Which then Tel S Guy Sterling...
01:19with best Nora.
01:20Why?
01:21Are many other partners that address a call for us?
01:22I want to admit their mom in the freed
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