Capital One Auto Executive Unconcerned About Rising Auto Debt and 'Forever Loans'
Capital One Auto President Sanjiv Yajnik stated that despite rising consumer automotive debt and inflated used car prices, the payment-to-income ratio for car buyers has remained stable since 2019. The lender's data shows that 80% of financed car purchases fall below the 15% income threshold, even with longer loan terms.
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Topics: automotive debt Capital One consumer finance forever loans payment-to-income ratio