Determinants of automobile loan default and prepayment

The authors examine whether a borrower’s choice of automobile reveals information about future loan performance. They find that loans on most luxury automobiles have a higher probability of prepayment, while loans on most economy automobiles have a lower probability of default, even when holding traditional risk factors, such as income and credit score, constant.

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Year of publication:	2008
Authors:	Agarwal, Sumit ; Ambrose, Brent W. ; Chomsisengphet, Souphala
Published in:	Economic Perspectives. - Federal Reserve Bank of Chicago. - 2008, Q III, v. 32, no. 3, p. 17-28
Publisher:	Federal Reserve Bank of Chicago
Subject:	Automobiles \| Prices

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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