American subprime crisis: This is the second season of "car"

Forget the people out of the pain, but also let people forget the lessons of the mind. Real estate loan crisis There are still repercussions., this car "car loan version of" subprime mortgage in the thriving. Greedy businessmen to play almost all of their imagination to create a variety of ways to provide car loans is not the solvency of the people.

According to the CNBC report, the new car prices coupled with the low rate of car loan portfolio for Americans to borrow money buy a big increase in demand, American car loan amount to record highs.

Experian Automotive statistics millions of car loan materials of recent quarters, they found that a quarter of the purchase a car an average loan amount of $27000, this is the first time in history in USA.

Experian Automotive survey, the average car loan in 2013 fourth quarter of $27430, compared to the same period in 2012 increased by $739, second-hand car average car loans grew by 345 to $17974.

Those without rating or credit quality loans score between 620 to 679 of the people in the average car loans the highest group, their average new car loans grew by $1500 to $29385.

Those who score between 550 to 619 people, is the so-called credit rating, they need each month to repay a $499 loan repayments, it was also the highest in all the car loan.

Although people will purchase a car loan extension to 6 years or more than 7 years, car loan regular payments or in the continuous growth. Experian Automotive said, the fourth quarter of 2013's new loans in 20% of the loans for more than 6 years, this is the first time in history in USA.

Consumption accounted for 70% of GDP and American, automobile consumption in consumption in the top second, while the automobile consumption in more than 80% relies on car loans. Wall Street information previously introduced American economic over reliance on consumption, consumption risk again leveraged.

In America, automobile consumption credit system mainly consists of three parts, including auto Credit Company (mainly professional auto financing mechanism to auto manufacturers belong), bank and independent financial companies, credit union. The major auto Credit Company dominate.

Beyond the traditional payment and inventory financing mode, the USA automobile consumption credit increasing varieties, formed a financing lease, purchase a car, car consumption savings, credit card, insurance guarantee, automobile receivable factoring, accounts receivable securitization of automobile consumer finance service system costs in the process.

Compared with other types of loans, car loans are considered to be relatively more secure. Consumers seem more likely in the credit card, even mortgage delinquencies on car loans, but not in on.