TVB member login has been updated for increased security. Please request your new password here.

Auto Shortage Drives Up Borrowing Costs

Auto Shortage Drives Up Borrowing Costs

Borrowers with subprime credit are pinched in the current auto finance market, with the average amount borrowed and the average monthly payment up disproportionately on subprime loans and used vehicles, compared with primerisk borrowers and new vehicles, Wards Auto reports.