It seems auto loan availability is alive and well in the South.
Several of the top 10 locations with the most auto loan debt are in the
Heart of Dixie, along with a few locations scattered on the east coast,
according to a list compiled by Manilla.com. In fact, the two cities with the highest debt are right here in Louisiana: Shreveport and New Orleans.
are various reasons given for this phenomenon, but it seems the common
theme is a stronger economy in the South. Encouragingly, it also seems
that while auto loan debt is up, the number of delinquencies on these
loans is down. We can hope that the economy is bouncing back, one state
at a time, beginning with the Heart of Dixie! Of course, if you need to finance a car in Shreveport, or anywhere in the Pelican State, we’re here to help!
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