Demand for new cars will likely spike in 2011 among consumers who lenders will be happy to do business with: those with very high credit scores.
More than 60 percent of the leases expiring next year are held by borrowers in the “super prime” category, meaning they have credit scores of 720 or better, reflecting excellent on-time payment histories, according to TransUnion, a Chicago-based credit reporting agency. Get the full story »
