Scott Sanborn, president and chief executive, said Lending Club would start by going after consumers with relatively high credit scores who had bought a used car with a loan arranged through a dealership. In that segment — which saw about $280bn of originations last year — people tend to put a lot of effort in negotiating on the price of the car, he said, but accept whatever loan terms they are offered at the point of sale.

https://www.ft.com/content/d7174fea-9a4a-11e6-8f9b-70e3cabccfae