Posted November 12, 2018 05:02:11The Lincoln Car loan debt has hit a new high, reaching $40 million.
According to a report from The Federal Reserve Bank of New York, Lincoln Mortgage LLC has loaned about $10 million to the car lender.
The Lincoln loan is a low-interest vehicle loan that will pay off for the company’s next generation of vehicles.
This loan has been a boon for Lincoln and the company, as it has helped them increase the supply of vehicles on the market.
Last year, the company sold more than 4 million cars and trucks to car buyers.