Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. car loans total $1.5 trillion.
Why consumers are strugglingCar loan debt in the U.S. is at a record high of $1.56 trillion.
Between the Covid-19 pandemic, supply chain issues, alleged predatory lending practices, inflation, and the Federal Reserve's interest rate hikes, getting an auto loan has gotten more stressful, difficult and expensive.
CNBC spoke with Chase Auto and Toyota Financial Services.
Here's what they say is happening in the auto loan industry and what consumers can do to ensure they're protected.
Organizations:
U.S, CNBC, Chase Auto, Toyota Financial Services
Locations:
U.S