Mapped: How much do Californians borrow for autos? Yorba Linda ranks No. 1

in Uncategorized

Who’s got the biggest auto loan debts in California?

LendingTree, an online loan-shopping service, attempted to answer that question by studying the aggregated finances of its customers in 165 of the larger California cities. Granted, it’s one company’s client base — and those folks are loan shoppers. Still, it’s a glimpse into who’s borrowing and how much, city-by-city.

When my trusty spreadsheet looked at the auto loan data (average balances, how many folks carry a car payment and its share of non-mortgage debts), it found the biggest debts mostly were in communities known for long commutes and little auto borrowing in urban locales.

Continue Reading @ OCR