Mar 5, 2024
Vehicle ownership is not just a means of convenience; it’s a key factor in people’s ability to access employment, education, healthcare, and a higher quality of life. However, many deserving borrowers face barriers to vehicle ownership, including historically high costs to buy and own an automobile, significantly higher interest rates, and complex automotive lending processes.
Open Lending is proud to announce the winners of our inaugural Economic Vehicle Accessibility Awards (“EVAAs”). The winning banks and credit unions are Open Lending partners that are driving vehicle access through financing opportunities for creditworthy near- and non-prime borrowers.
Our 2023 EVAA winners have collectively granted more than 122K near- and non-prime loans and provided more than $3.6 billion in insured auto loans to deserving borrowers in 2023.
To learn more about Open Lending’s EVAAs and see a full list of the 2023 winners, visit evaa.openlending.com.
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