Loading...

Hybrid buyers care for the environment and their credit

Published: May 5, 2013 by admin

A recent analysis by Experian Automotive found that, overall, consumers purchasing a hybrid have significantly higher credit scores than those purchasing another type of new vehicle. The average credit score for a loan on a new hybrid was 790, compared with the national average credit score of 755 for a loan on any new vehicle.

Learn more on the profiles of hybrid owners.

Source: Experian press release: Hybrid vehicle market share grew by 41 percent in 2012

Related Posts

With rapid growth comes an increased risk of fraud, making "Buy Now, Pay Never" a crucial fraud threat to watch out for in 2024.

Published: February 12, 2024 by Guest Contributor

If you’re a manager at a business that lends to consumers or otherwise extends credit, you certainly are aware...

Published: November 16, 2023 by Jim Bander

Generation Z will soon represent a significant portion of buyers and borrowers in the U.S. Here's why your business should help them.

Published: March 7, 2023 by Brian Funicelli