Sub-Prime Auto Financing

Google BlogSearch Sub-Prime Car Loans •  Sub Prime Auto Loans – Getting the Cash Easily •  A List Of Five Standard Types Of Auto Loans •  Accelerate Your Life with Subprime Auto Loans •  bad credit auto refinance loans •  Auto lenders feel squeezed •  Subprime Auto Loans: Providing Opportunity To Sub Prime Lenders to ... •  Win the Race Against Car Loan Interest Rates •  Subprime Auto Loans Shun Your Monetary Worries •  Why 0% Auto Finance May Not Be Right For You. •  Loan Site

In the press there has been a great deal of information and speculation about the collapse of the US sub-prime mortgage business.  Leading criteria has been tighted up south of the border and there could be some spillover into the Canadian market yet there is a big but...the Canadian banking industry is centralized vs. the open system in the US.  The sub-prime mortgage business in Canada is quite small vs. the US and our banks seem to do a better job of hedging their positions on high interest loans.  As a result sub-prime lending on auto loans will continue.  The only major impact consumers might see is slightly more risk adverse behaviour regarding submitted applications as the Canadian prime lending rate rises.