After the 2008 collapse of the housing market, banks resisted lending to auto buyers. Now, Capital One Financial, Bank of America and other lenders are approving car buys more quickly and at better interest rates. "Banks have had to look elsewhere for growth opportunities, and auto has been one of the nice spaces over the last couple years," said Curt Beaudouin, a bank analyst for Moody's Investors Service. "The credit experience in terms of losses has been very good in recent times. It's never gotten out of hand. Right now, it's basically good for everybody in the industry."

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