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Subprime car-loan rates are hitting 17%-22%. Should investors be worried?

Por: MarketWatch Business October 12, 2023

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Higher borrowing costs can mean households need to put more of their income into monthly auto payments, ramping up the risks of late payments, defaults and car repossessions. Those risks, however, have yet to make investors flinch. The subprime auto sector already has cleared almost $30 billion of new bond deals this year, according to Finsight, a pace that’s slightly below volumes from the past two years, but still above historical levels... + full article



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