With the auto loan subprime bubble large enough for both mainstream media [2], credit reporting agencies [3], and the Fed itself [4], having no choice but to notice, one question has emerged: what is the preferred car model of subprime lessors and lenders? The answer, courtesy of Experian's "State of the Automotive Finance Market Second Quarter 2014 [5]" report, is shown below.
First, here is the FICO score sort of new car leases by the 10 most popular leased models:
[6]
And, alternatively, the same however not for leases but for loans (yeah, that's GM at the bottom).
[7]
So what size GM loan or CR-V lease does a 666 or 726 FICO score, respectively, get you? The answer is shown below:
[8]
And, as a bonus, here is the ratio between the average monthly loan and lease payment by vehicle, for those curious who "amortize" their cars the fastest:
[9]
