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Should the auto industry be paying closer attention to SubPrime Leasing? Recent comments from KBB and Autotrader analysts said competition might be encouraging lenders to explore this profile further. Butbelieves this is a segment that not only offers lower-than-expected risk, but one that could benefit from more leasing options.
According toExecutive Vice President, Scot Hall:
As noted recently in Auto Remarketing, “Experian Automotive mentioned in its latest report that leasing credit has loosened, as the average new-vehicle lessee had a credit score of 718 in Q1 2015, down from 721 the previous year.”