On the other hand, it's much easier to repossess a car than foreclose on a home. And there's a thriving marketplace for used, repossessed cars, so lenders can recoup some or nearly all of the unpaid loan balance. For now, anyway. Large-scale defaults on auto loans would flood the used car market, dragging down prices. That would also put pressure on new car sales, as prices for late-model used cars might attract commercial property interest rates some buyers to pass up new cars. Experian said delinquent payments are a mixed picture, however. In its February report, the firm said that 30-day delinquencies were actually down across the board, pushing the overall rate to 2.57% from 2.62% a year ago. On the other hand, 60-day delinquencies grew from 0.72% to 0.77%. "While rates in the more severe delinquency category are up, it's important to note that the increases are modest and relatively low from a historical perspective," Melinda Zabritski, senior director of automotive finance for Ex

On the other hand, it's much easier to repossess a car than foreclose on a home. And there's a thriving marketplace for used, repossessed cars, so lenders can recoup some or nearly all of the unpaid loan balance. For now, anyway. Large-scale defaults on auto loans would flood the used car market, dragging down prices. That would also put pressure on new car sales, as prices for late-model used cars might attract commercial property interest rates some buyers to pass up new cars. Experian said delinquent payments are a mixed picture, however. In its February report, the firm said that 30-day delinquencies were actually down across the board, pushing the overall rate to 2.57% from 2.62% a year ago. On the other hand, 60-day delinquencies grew from 0.72% to 0.77%. "While rates in the more severe delinquency category are up, it's important to note that the increases are modest and relatively low from a historical perspective," Melinda Zabritski, senior director of automotive finance for Ex

On the other hand, it's much easier to repossess a car than foreclose on a home. And there's a thriving marketplace for used, repossessed cars, so lenders can recoup some or nearly all of the unpaid loan balance. For now, anyway. Large-scale defaults on auto loans would flood the used car market, dragging down prices. That would also put pressure on new car sales, as prices for late-model used cars might attract commercial property interest rates some buyers to pass up new cars. Experian said delinquent payments are a mixed picture, however. In its February report, the firm said that 30-day delinquencies were actually down across the board, pushing the overall rate to 2.57% from 2.62% a year ago. On the other hand, 60-day delinquencies grew from 0.72% to 0.77%. "While rates in the more severe delinquency category are up, it's important to note that the increases are modest and relatively low from a historical perspective," Melinda Zabritski, senior director of automotive finance for Ex

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