Flutterby™! : Efficient vehicles have lower default rates

Clean Technica: Research Suggests Auto Loans Should Account for Vehicle Efficiency

A new report from Atlas Public Policy found that drivers purchasing more fuel-efficient vehicles are at lower risk of defaulting on their auto loans, with electric vehicle (EV) drivers—whose cars are the most efficient—leading the pack with a 50 percent lower default rate when compared to drivers of average fuel economy cars. Perplexingly, however, EV drivers consistently face higher loan rates than drivers of less efficient vehicles who default on their auto loans more frequently.