SBA Offers Loan Guarantees To US Auto Dealers
May 30, 2009
There have been new reports issued by the Obama Administration regarding a potential move to guarantee loans for automobile dealers that have suffered serious financial setbacks due to collapse of major automakers like Chrysler and GM. Read more
Web Auto Loan Company Sees Good Signs For the Future
May 12, 2009
Online auto loan finance company, myAutoloan.com, has taken note of substantial increases in the number of auto loan applications it has received since the beginning of first quarter of 2009. This trend has continued into the second quarter. Read more
A Report on the Chrysler Bankruptcy
May 9, 2009
With the announcement that Chrysler had filed for Chapter 11 bankruptcy protection, the car company made a first at trying to salvage its operations. The move was done also to prepare for its partnership with the Italian automaker, Fiat. Read more
General Motors Moves to Cut Jobs and Trim Its Product Line
May 8, 2009
In a recent announcement filed with the Securities and Exchange Commission, the General Motors Corporation stated that it plans to eliminate a staggering 21,000 U.S. manufacturing jobs by 2010. Read more
Pennsylvania Non-Profit Program Offers Low-Interest Auto Loans
April 21, 2009
For many Americans one of the biggest fears they have is that one day they will get in their vehicles and they just won’t start. This can be a serious problem because many people cannot afford to get a new vehicle. This leaves them with no means to get back and forth to work, causing further problems. Read more
New Landscape For Auto Loans In 2009
April 17, 2009
It’s official. The figure for 2008 auto sales rank as the worst in 16 years and there is every indication that 2009 is slated to be worse still. In a desperate move to get their inventory moving again and clear off hundreds of lots, auto dealerships are considering amazing offers on loans and other financing. Read more
Plunging Prices Allow Some US Companies To Buy Back Loans
April 12, 2009
With so many loans dropping their value in response to the markets, it should be surprising that some US companies are taking advantage of the plunging prices to buy back their loans. Companies like Ford Motor Company, Las Vegas Sands, and Hertz Global Holdings are just three who are working to negotiate new terms and provide more time to recover financially. Read more
Auto Loans And Bankcards Receive New Credit Scoring Model
April 9, 2009
Recently FICO announced that it is releasing an industry-focused version of its innovative credit-scoring model, FICO 08, is targeted at auto loans and bankcards. Initially, the model was developed to provide credit card companies with a more effective way to determine the potential risks of consumers, such as whether they will repay their loans or not. Read more
Auto Lenders Are More Careful
March 16, 2009
Auto lenders are becoming more careful in terms of who they lend to. At the same time, however, they’re also becoming easier to deal with for those who opt to obtain an auto loan on practical terms. Read more
Hyundai Moves to Increase Auto Loans
February 23, 2009
One of the current trends of the economic hardship has been that the auto industry has undergone a number of setbacks, and in many cases became outright threatened by the possibility of bankruptcy. To say that the worldwide auto industry is in questionable shape is a definite understatement. Read more
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