The Blog For Auto Financing News and Advice
Posted in Uncategorized on Nov 30th, 2009
New car sales for November 2009 are expected to rise compared to last year, a sign that the industry may be starting to turn around. According to a survey of industry analysts done by Bloomberg, last month’s seasonally adjusted sales should be slightly higher than November 2008’s. Seasonally adjusted sales figures take into [...]
Posted in auto loans, car loans, car shopping on Nov 23rd, 2009
HSBC sells its auto loan servicing operation to Santander Consumer USA Inc. HSBC also sold Santander $1 billion in auto loans for $904 million in cash. (San Diego Business Journal)
The police car market gets more competitive, as automakers try to solidify the opportunity to build the next generation of police cars. (IndyStar.com/Indianapolis Star)
New Cadillac CTS [...]
Posted in auto loans, car loans on Nov 20th, 2009
Bankrate.com compiles the nationwide auto loan rate averages as of Nov. 18. (Bankrate.com)
The General Motors’ bailout cost each taxpayer $12,200, according to the National Taxpayer’s Union. (Wichita Business Journal)
The expansion of a manufacturing plant in Tuscaloosa, Ala. will bring 198 jobs to the area and generate $16.4 million over 20 years in tax revenue. The [...]
Posted in auto loans, car loans, car shopping, leasing on Nov 19th, 2009
Can you really buy a new car, drive it off the lot and then total it in an accident on your way home? Sure. Accidents are totally unpredictable and I’m sure there are people out there who have had this situation happen to them. I think gap insurance is definitely something you should read up [...]
Posted in auto loans, car loans on Nov 18th, 2009
Most people’s first car is a hand-me-down or a junker. You probably didn’t have to take out a loan to buy it. Maybe now you’re a little older and you need to replace that heap of rusty metal with a more reliable and newer car.
Can’t pay in full? There’s a good certainty that you will [...]
Posted in car shopping on Nov 17th, 2009
Ford Fusion was named Car of the Year by Motor Trend magazine. (ClickOnDetroit.com/Local 4 News)
Reporter Jim Motavalli test drives the new Nissan Leaf electric car in Los Angeles and shares his experience and opinions about the car. (TheDailyGreen.com)
The 2011 Chevrolet Cruze compact car is set to debut at the Los Angeles Motor Show next month, [...]
Posted in auto loans, car loans, car shopping on Nov 16th, 2009
How Much Car Do You Really Need?
When researching the car you want to buy, think about how much car you need and what you are going to use it for. If you don’t have kids or big dogs, you probably don’t need an SUV. If you plan on having kids or more kids in the [...]
Posted in car shopping, leasing on Nov 13th, 2009
Leasing is making a comeback and Toyota and Ford are ramping up advertising to promote leasing to car shoppers. (News4Jax.com – Jacksonville, Fla.)
Missouri Attorney General Chris Koster is suing six auto-service (extended warranty) contract brokers based in the St. Louis metro area, seeking injunctions requiring the companies to obey state trade rules and restitution for [...]
Posted in leasing on Nov 12th, 2009
If you recently lost your job, are going through a lifestyle change or just like to have a new car often, a lease transfer may be a good idea for you. Leases are contracts which can be very expensive to get out of. Scot Hall, executive vice president of operations at Swapalease.com, says that a [...]
Posted in car shopping on Nov 11th, 2009
Pontiac’s Twitter page claims there are only 16 G8 GXP cars left on dealer lots across the U.S. Only 570 G8 GT models remain for sale at dealerships. (Autoblog)
Car and Driver takes a look at the 13 people who are in charge of making sure General Motors becomes successful again after its Chapter 11 bankruptcy [...]