正在改变汽车金融的三大趋势[文献翻译]

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1、外文题目：THREETRENDSARERESHAPINGAUTOFINANCE出处：ABABANKINGJOURNALFEB97作者：anonymous原文：THREETRENDSARERESHAPINGAUTOFINANCEInautomotivefinance,twoimportanttrendsappearwell-establishedandpoisedforfurtheradvancesin1997:Morenon-primeorsub-primelending.Moreleasing

2、.Athirdmovement,whichmayormaynotamounttoamajortrend,istheadventofused-carsuperstoresgearedtohigh-volumeselling.SUB-PRIME--NEARLYMAINSTREAMAwell-knowneconomistwhotracksautomobilesalespredictedatyear-endthatsome1.1millionhouseholdswillhavedeclaredbankr

3、uptcyin1996."That'snotallbad,"hesaid."Itmeans1.1millionmoresubprimeborrowers."Perhapshewasbeingfacetious,orperhapsnot.Thefactis,non-primeorsub-primeautolendingisnolongerlookeduponasanexpedienttoberesortedtoonlyinextremecases.Dependingonthedefinition,

4、estimatesofthismarketplacerangebetween$70billionand$90billion,andclearlyitiscomingclosertothemainstreamasanalternativeborrowingtechniqueforasizableproportionofthepopulation.Thereasonsarebluntlydemographic:divorce,highmedicalexpenses,andcorporatedowns

5、izingleadingtojoblossesareamongtheprincipalfactorsthathavehurtthecreditstandingofhundredsofthousandsofpotentialborrowers.Someareforcedintobankruptcy,whileothersmanagetoavoiditbutseetheirhouseholdbudgetsseverelystrained.Figuresonconsumerloandelinquenc

6、iesarerunninghigh.Largenumbersofwould-beborrowersmaybebadlystretched,buttheystillneedpersonaltransportation,andwillgotoconsiderablelengthstoobtainfinancing.Thatmakesthemlogicalcandidatesforsub-primelending.Bydefinition,thesearehigher-riskborrowers,bu

7、titdoesnotautomaticallyfollowthattheyareallpoorcreditrisks.Manyareanxiousforachancetogetonasolidfootingandreestablishthemselvesasgoodcreditrisks.Lendersincreasinglyrecognizethis.Asonespecialistputit,"Welendtothosewhoneedasecondchance,notalastchance."

8、Forlenders,thescreeningprocessiscrucial.Banksandfinancecompanieshavelongexperiencewithcreditcardandotherconsumerlending,andinrecentyears,thetendencyhasbeentousecomputerizedcreditscoringtosegmentdifferentcategoriesofcreditrisk,thenassigndifferentrates