The Blog For Auto Financing News and Advice
Posted in auto loans, car loans, car shopping on Nov 10th, 2009
HSBC Finance sells auto loan unit to Santander Consumer USA Inc. for $904 million. (The Associated Press)
Auto parts supplier Lear Corp. exits Chapter 11 bankruptcy. (Youngstown Business Journal)
GM announces a $90 million investment in Canadian plant Ingersoll. Cami Automotive will now recall 150 laid-off employees to assemble vehicles at the plant. (The Chatham Daily News)
Posted in auto loans, car loans, car shopping on Nov 9th, 2009
With the economy going through some major changes right now, car shoppers should know that they can’t just go to the dealer, pick out the car they want, sign the paperwork and drive it off the lot.
“The days of no money down, walking onto the lot with checkered credit are over,” says John Ulzheimer, president [...]
Posted in auto loans, car loans on Nov 6th, 2009
As consumers look for ways to save money and lower their monthly expenses, car loan acceleration is something being talked about more often on the Internet. The premise behind it is that if you split your auto loan payment in half every month and pay it twice, you’ll pay less in interest.
As seen in many [...]
Posted in car shopping on Nov 5th, 2009
Next generation Ford Explorer SUV will have seat belts that inflate like air bags in the back seat. (Mobile Magazine)
Edmunds.com economists’ evaluation of the government’s cash for clunkers program is hurting the automotive industry. (Seeking Alpha)
Auto executives want the gas tax increased. (TheCarConnection.com)
Posted in auto loans, car loans on Nov 4th, 2009
Michigan Congresswoman asks GMAC to extend interim floor plan financing for Chrysler dealerships. (Automotive News)
GMAC reports a loss in the third quarter, but its auto finance division posts a profit. (Bloomberg)
The Federal Reserve decides to keep the key interest rate at a record low level to try and encourage consumer spending. (The Atlantic Wire)
Posted in Uncategorized on Nov 3rd, 2009
The South Florida International Auto Show attracted about 10,000 more visitors than last year’s event. The show featured about 1,000 vehicles at the Miami Beach Convention Center. (The Miami Herald)
One of the largest used car dealerships in Fort Myers, Fla. has closed its doors permanently. Auto Advantage shut down Tuesday without any notice, leaving employees [...]
Posted in Uncategorized on Nov 2nd, 2009
New vehicles are unveiled at the Tokyo auto show. Here’s seven of the most odd and interesting ones. (Detroit Free Press)
The new Buick LaCrosse is reviewed by the New York Times for the Post-Gazette. (Pittsburgh Post-Gazette)
White House defends Cash for Clunkers incentive program. Consumer Web site Edmunds.com and the White House are in a heated [...]