Finance Insurance

Consumers show record pessimism about auto loan approval, survey shows

Concerned woman looking at smartphone. A record 34 percent of consumers who want or need an auto loan weren't applying because they thought they would get declined for it, according to a February 2025 Federal Reserve Bank of New York survey.
A record 34 percent of consumers who want or need an auto loan weren't applying because they thought they would be rejected, according to a February Federal Reserve Bank of New York survey. (GETTY IMAGES)
JH
By:
John Huetter
May 21, 2025 06:57 PM

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