It doesn’t take an economist to see that car buyers are in a tricky financial spot. Purchase prices are up, and as a result, loan terms have been extended to accommodate inflation-impaired budgets.

Many lenders, and especially purpose-driven ones, are rightly concerned about pushing borrowers into a negative equity position. But that worry need not hinder portfolio growth. Despite the economics, auto loan demand is healthy. And, credit unions are doing great in terms of meeting that demand, having attained the largest share of vehicle financing for the first time ever late last year.

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