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
Recession makes Auto Loans Easier to Acquire
February 16, 2009
In today’s economy, it is often hard to obtain the loans you need in order to afford a modern lifestyle. Credit lines have been crunched due to the slump, and people have found it difficult to qualify for loans because of this. Read more
Great Credit Scores Still Net Good Auto Loans
February 3, 2009
The economy took a serious blow when the mortgage industry faced what can be considered its greatest crisis in history. Read more
Co-Signing For a Car Loan Comes With Huge Risk
January 28, 2009
Finding a loan these days can be very difficult. 2008 saw the subprime mortgage crisis, which jumpstarted a ripple effect in the economy, shutting down numerous credit lines and reducing the overall number of financing options across the board available to consumers. Read more
Leasing Deals Are More Difficult To Come By
January 24, 2009
The changes the economy has been experiencing are not ideal, but people are managing to do what they can in the face of a recession. Unfortunately, many things have changed in terms of financing to make it harder for people to get what they need. Read more
A Slumping Automotive Market May Help Some Buyers
December 30, 2008
Today’s economy has made it so that car dealerships are struggling to move inventory. The challenges consumers are facing today have kept them from buying vehicles. Gas prices, the cost of food, shrinking equity, and reduced credit lines have made the average consumer very leery of investing into any big-ticket item for the time being. The looming threat of GM’s bankruptcy hasn’t helped, either. But it may just be this that makes the current market one very favorable towards buyers that are looking to obtain a vehicle at a cheap cost with plenty of bonuses. Read more
Department Of Energy Establishes Auto Loan Rules
December 27, 2008
Recently, the US Department of Energy announced a set of temporary regulations that would help it manage its $25 billion auto loan program. This plan would allow automakers and supplies to obtain financing before the end of 2008. Yet, despite this ambitious timeframe, few high-ranking government officials foresee funds being made available prior to December 31. Read more
GM Said to Study Shedding Saturn, Saab, Pontiac to Win U.S. Aid
December 24, 2008
General Motors is hard at work trying to reduce costs in order to win the $12 billion in federal loans. One example of the company’s activity includes a study to consider the discontinuation of brands like Pontiac, Saturn, Saab, and Hummer. Read more
Sec. Paulson’s Plan For Credit Card Bailout Criticized
December 22, 2008
The current sentiment among many economists regarding the latest twist in Treasury Secretary Paulson’s handling of the $700 billion bailout fund is dark indeed. Any suggestions that the money should be used to stimulate auto lending and credit card issuance is severely frowned upon and considered unnecessary. Read more
UAW may give up jobs bank to revive auto loans
December 20, 2008
The United Autoworker’s Union (UAW) is currently involved in negotiations that would eliminate it controversial jobs bank. Furthermore, the UAW may be open to other concessions that will help the major Detroit automakers qualify for the low-cost loans being offered by the federal government. Read more
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