U.S. Consumers Turn To Auto Loans At A Record Rate - Presented by: The Aol. On Network

According to data released on Wednesday, a record number of U.S. consumers are taking out loans to buy cars--especially those purchasing used vehicles. According to data from Experian Plc, an information provider, 85 percent of new car purchases and 53.8 percent of used car purchases in the second quarter were financed. That was up 0.5 percentage points and 0.9 percentage points, respectively from the same period in 2013.



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