EV financing startup Tenet is streamlining its refinancing program to speed approvals in anticipation of rising demand.
The average rejection rate for auto loans through October increased year over year to the highest reading since 2013.
Some auto lenders saw a rise in payment extensions following Hurricane Helene, with Hurricane Milton expected to affect extension rates in the coming months.
If the incoming Trump administration eliminates $7,500 federal tax credits for electric vehicles, that would mean the end of popular leases that allow US consumers to sidestep restrictions on which EV ...