The average credit profiles of subprime auto borrowers look eerily similar to the FICO scores that popped up on borrowers' pre-recession reports, according to Experian.

Bloomberg-Businessweek released a report saying that 42% of new and used car loans in the third quarter went to subprime buyers, which is up from 40% from a year earlier.

The average credit score for a new vehicle in 3Q hit 755, which is down from 763 a year earlier, the publications reported.

Apparently, banks are more confident that people can pay their bills because delinquency rates and repossession rates are down.

But the large amount of subprime borrowers obtaining loans is strangely reminiscent of the pre-housing crisis mortgage boom.

Click here to read the full Bloomberg-Businessweek article.