Thursday, May 19, 2016

who to get a car loan from, besides the car maker

According to third-quarter 2014 data from Experian, the industry leaders, excluding financing arms of car manufacturers, are Ally Financial Inc., with 7.31% of new-car loans, J.P. Morgan Chase and Co. with 5.96%, Capital One Financial Corp. with 4.38%, Wells Fargo and Co. with 3.46% and TD Bank with 2.33%.

In the used-car market, the leaders are Wells Fargo at 6.56%, Ally at 4.41% and Capital One at 4.35%.

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