2019 US Consumer Survey of Vehicle Vehicle Finance Perceptions: 5 Takeaways
FICO
MARCH 13, 2019
US consumers showed an increasing appetite for online financing—an 8% YoY increase. consumers acquired their most recent auto loan online, compared to only 5% in 2018, representing an 8% YoY increase for online financing. Bank / financial institution lending held steady. 13% of U.S. They dislike lengthy paperwork.
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