Toyota Most Financed Automaker in Q3 2012

Toyota Most Financed Automaker in Q3 2012

According to a report released by Experian Automotive, Toyota was the most financed automaker in the third quarter of 2012.

14.09 percent of all new vehicles financed were from Toyota, while Ford was in second with 13.16 percent and Chevrolet was third with 11.10 percent. The analysis also found that loans financed for new vehicles increased to 24.84 percent compared to 21.87 percent in Q3 2011.

Another interesting finding in the report is that Volvo buyers ranked tops in terms of credit score with an average of 818 while Lexus buyers were second with 816 and Acura third with an average score of 813.

On the opposite end of the spectrum, new loans made to Mitsubishi buyers had the lowest average score of 694 while Suzuki buyers were in second with 704. Third place went to Dodge buyers with an average score of 718.

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