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Outstanding Auto Loans Hit $886 Billion In 2014

2015-02-24 18:00:46| Auto Dealers - Topix.net

When you have a record year for car sales such as what happened in 2014, you can also expect a record number of auto-loans. Credit reporting bureau Experian says that Americans borrowed a staggering $866 billion dollars last year to finance new and pre-owned vehicles, but they maintain this is no cause for alarm.

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