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Newsby AE eMagazineMarch 8, 2016

Experian: More Consumers Turning to Leasing, Used Vehicles

SCHAUMBURG, Ill. — The average amount financed and the average monthly payment for new vehicles financed during 2015’s end-of-year quarter rose to record levels, according to Experian Automotive. But those weren’t the only records set during the period. The credit reporting agency reported today that the average amount financed for a new vehicle in the ... Read More »

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Newsby AE eMagazineAugust 27, 2015

Payment Gap Between New and Used Hits All-Time High in Q2, Experian Reports

SCHAUMBURG, Ill. — Experian Automotive reported today that the gap between the average monthly payments for new and used vehicles during the second quarter reached a record $122 — the largest margin since Experian began publicly reporting auto finance data in 2008. According to the firm, the average monthly payment for a new vehicle was ... Read More »

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