Consumers' Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers
PYMNTS
NOVEMBER 13, 2020
Given that 90 percent of new car purchases and half of used car purchases are financed, it’s no surprise that the lifestyle changes and digital shift brought on by the pandemic have disrupted auto loans, that age-old corner of the vehicle industry. Consumers and Banks Both Like Online Auto Loans. Online Sales Are Also Booming.
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