Auto Loans
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Truist to Sell $5.5 Billion in Loans, Exit Near-Prime Auto Lending Business
Truist Financial has reached an agreement to sell $5.5 billion in auto loans, as part of the regional bank's decision to exit the near-prime auto lending business.
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US consumers can now deduct car loan interest, but only if the vehicle's final assembly occurred in the US.
The deduction applies to new cars financed with a secured auto loan for personal use, provided the loan originated within Congress's specified window. Foreign-badged cars assembled in the US qualify,
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US average auto loan interest rates in Q1 2026: New cars 6.39%, used cars 11.43%
According to Experian's State of the Automotive Finance Market report, the average interest rate for new car loans in the US was 6.39% in the first quarter of 2026, while used car loan rates averaged
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Truist to Sell $5.5 Billion in Loans, Exit Near-Prime Auto Lending Business
Truist Financial has reached an agreement to sell $5.5 billion in auto loans, as part of the regional bank's decision to exit the near-prime auto lending business.
-
US consumers can now deduct car loan interest, but only if the vehicle's final assembly occurred in the US.
The deduction applies to new cars financed with a secured auto loan for personal use, provided the loan originated within Congress's specified window. Foreign-badged cars assembled in the US qualify,
-
US average auto loan interest rates in Q1 2026: New cars 6.39%, used cars 11.43%
According to Experian's State of the Automotive Finance Market report, the average interest rate for new car loans in the US was 6.39% in the first quarter of 2026, while used car loan rates averaged
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Auto Loans
24H Trending
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1
Meta rose 3.01% from its previous close, now trading at $630.935.
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ZachXBT: Axis Robotics insiders dumped approximately 42 million AXIS tokens, causing a 40% crash; project team attributes it to OTC counterparty default.
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New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
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Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
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Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
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Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
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DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
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ECB's Cipollone: Europe to move to T+1 securities settlement on 11 October 2027; Eurosystem expands tokenised finance infrastructure
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onXRP Team to Launch New Trading Method on XRP Ledger Next Week
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