{"id":713,"date":"2009-06-11T00:00:00","date_gmt":"2009-06-11T00:00:00","guid":{"rendered":"http:\/\/blog.njstateauto.com\/auto-loans-financing-news\/new-car-loan-concerns-may-lead-buyers-to-used-cars-in-new-jersey\/"},"modified":"2009-06-11T00:00:00","modified_gmt":"2009-06-11T00:00:00","slug":"new-car-loan-concerns-may-lead-buyers-to-used-cars-in-new-jersey","status":"publish","type":"post","link":"https:\/\/www.njstateauto.com\/blog\/new-car-loan-concerns-may-lead-buyers-to-used-cars-in-new-jersey\/","title":{"rendered":"New car loan concerns may lead buyers to used cars in New Jersey"},"content":{"rendered":"<p>The loan market has tightened for new cars as dealerships have increased standards for loans, and it may make <a href=\"http:\/\/www.njstateauto.com\" class=\"dnautolink\">used cars in New Jersey<\/a> or other states a more attractive option for buyers.<\/p>\n<p>Experian Automotive says that independent dealers showed the largest gains in used car loans, with their share coming in at more than one-third of the market, as used car loans overall now represent more than two-thirds of all automotive financing.<\/p>\n<p>&#8220;Banks, credit unions and captive finance companies appear to have tightened their lending criteria as they look to mitigate risk,&#8221; said Melinda Zabritski, Experian Automotive director of automotive credit. As lenders change terms, it &#8220;is pushing some consumers out of the new vehicle market and into the used vehicle market.&#8221;<\/p>\n<p>The company says that the independents generally serve customers with lower credit scores find used cars in New Jersey and other locations.<\/p>\n<p>That could be attractive to the increasing number of customers who have lower credit ratings, a group 6.3 percent larger compared to last year, according to Experian.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The loan market has tightened for new cars as dealerships have increased standards for loans, and it may make used cars in New Jersey or other states a more attractive option for buyers. Experian Automotive says that independent dealers showed the largest gains in used car loans, with their share coming in at more than [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New car loan concerns may lead buyers to used cars in New Jersey<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.njstateauto.com\/blog\/new-car-loan-concerns-may-lead-buyers-to-used-cars-in-new-jersey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New car loan concerns may lead buyers to used cars in New Jersey\" \/>\n<meta property=\"og:description\" content=\"The loan market has tightened for new cars as dealerships have increased standards for loans, and it may make used cars in New Jersey or other states a more attractive option for buyers. 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