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2014 Lincoln MKX SUVs are lined up on the lot of the dealership in Wexford, Pa. General Motors, Ford, Nissan and Chrysler all reported big gains as the major automakers reported July sales Friday, Aug. 1, 2014. (AP Photo/Keith Srakocic)
2014 Lincoln MKX SUVs are lined up on the lot of the dealership in Wexford, Pa. General Motors, Ford, Nissan and Chrysler all reported big gains as the major automakers reported July sales Friday, Aug. 1, 2014. (AP Photo/Keith Srakocic)
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US auto loan numbers soar to highest level in 8 years

WASHINGTON (AP) -- U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York.

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Category: Money & Business, News Tags:
Cars
Kevork Djansezian, Getty Images
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Auto Loan Debt, Late Payment Rates Up to End 2013

U.S. car owners are carrying higher auto loan balances but still making timely monthly payments.

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Car Sales
Kevork Djansezian, Getty Images
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Auto Loan Rates in NJ Among Highest in Nation [AUDIO]

Auto loan rates in New Jersey rank among the highest in the nation, according to a new study.

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