When Dealers Default
February 28, 2009
In the midst of the collapse of the North American automotive industry, a new crisis is occurring that is totally without precedent. In a development that is taking both analysts and borrowers by surprise, car buyers are being held responsible for old debts on traded in vehicles that were *supposed* to be the responsibility of the dealers who accepted the trade. Read more
The Best Ways to Finance a Vehicle
February 21, 2009
Buying a car is a big investment, no matter what your price range may be. Even if you’re looking to obtain a very cheap used vehicle, you have to consider all the factors that come into play that are unique to your purchase. Read more
Financial Incentives for New Technology
February 16, 2009
In the midst of the horrible financial crisis facing most countries of the world, one particular stressor has stood out among the rest. If, six months ago, you had polled drivers around the country about the economic factor that was having the biggest impact on their income and savings, the answer you received almost certainly would have been the ludicrously high cost of gasoline. Read more
Paying A Car Loan Can Help Build Credit
January 21, 2009
Making payments on a car loan will help your credit, according to credit bureaus. Just don’t expect them to do it quickly. Car loans are one of the forms of debt that, when handled appropriately, will give your credit a gradual increase over the time it takes to pay off your balance. Read more
Lenders Set Tougher Requirements for Securing Auto Loans
January 19, 2009
There is no questioning the fact that the financial landscape of America is facing some tough times. There aren’t as many opportunities to get financing these days due to the restrictions placed on credit. Banks have tightened the standards for lending money, and this applies to all forms of credit. Read more
Slumping Auto Sales Hurt Auto Loans
January 16, 2009
Perhaps the one market to see the heaviest damages besides the mortgage industry is the automotive industry. The American automakers are currently experiencing one of the worst situations in history, with the Big Three facing the serious possibility of bankruptcy. Read more
Weakened Credit Lines Have Eliminated 100 Percent Auto Financing Deals
January 13, 2009
In generous times, consumers were able to procure 100% financing on cars. This meant that they could get a good vehicle and pay for it without having to put forward a down payment. However, the economy has changed, and there troublesome times facing the automotive industry. Read more
Returning A Car To A Dealership Harms Credit
January 12, 2009
Vehicle ownership is a big responsibility. When you choose to own a car, you have to consider more than just the cost of the vehicle itself. There are other matters that can cost significant money. You have to think about the nature of maintenance, vehicle repairs, insurance, and more. Read more
The Best Ways to Finance a Vehicle
January 12, 2009
Buying a car is a big investment, no matter what your price range may be. Even if you’re looking to obtain a very cheap used vehicle, you have to consider all the factors that come into play that are unique to your purchase. An older or well-used car may have problems you need to fix before you can drive it, and then you have to worry about affording future maintenance without the aid of a warranty. Read more
Dealership Financing Gets Hurt By Looming Auto Bankruptcy
January 1, 2009
Troubled times have hit the nation, with the current biggest issue being the financial quagmire that the big American automakers are facing, namely GM and Chrysler. These two companies are looking at the serious possibility of bankruptcy, and congress is debating on a $15b bailout to help alleviate their situation. Read more
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