The Blog For Auto Financing News and Advice
Posted in auto loans, car loans, car shopping, leasing on Dec 30th, 2009
Hyundai’s Assurance incentive helped propel the automaker to success in 2009, while other automakers didn’t fare too well. If it ain’t broke, don’t fix it, right?
Hyundai has decided to do just that and is extending the incentive through 2010. Through Hyundai’s Assurance program, if you lose your income and can no longer make your auto [...]
Posted in auto loans, bad credit, car loans, car shopping on Dec 29th, 2009
New rules from the Fed and FTC could provide consumers notice when their credit report plays into loan terms, whether it’s for an auto loan or credit card, for example. (Credit.com)
Should the lending practices of auto dealers be regulated? “Americans hold some $850 billion in car debt and dealers are responsible for marketing roughly four-fifths [...]
Posted in car shopping on Dec 28th, 2009
While the auto industry is in the tank and saying that sales are low would be an understatement, you’d think dealerships would be begging anyone walking through the door to buy a car. You’d think they would go out of their way to please the customer so the customer would refer a friend or two.
One [...]
Posted in auto loans, bad credit, car loans, car shopping, leasing on Dec 23rd, 2009
Don’t Shop Too Much For Your Auto Loan
Every time you apply for an auto loan, it affects your FICO/credit score, usually in a negative way. It’s important to shop around for the best deal, but too much shopping could hurt you in the long run. Keep your auto loan applications down to three or less to [...]
Posted in auto loans, bad credit, car loans, car shopping on Dec 22nd, 2009
A consumer is wondering if she should take her $1,800 and use it toward her credit card debt or for a down payment on a car loan. “The Credit Guy” answers her question and gives advice on what she should do with the money. (CreditCards.com)
Nationwide Insurance introduced its free iPhone and iPod Touch app, Cartopia, [...]
Posted in Uncategorized on Dec 21st, 2009
GPS devices are one of the more popular items on thieves’ wish lists. When drivers leave the GPS devices in their car or forget to wipe off the suction cup ring from the windshield, they make it easy for thieves to spot.
If you have a GPS, you should know that thieves are taking it one [...]
Posted in auto loans, car loans, car shopping on Dec 18th, 2009
Florida car loan delinquencies are expected to ease in 2010. (Jacksonville Business Journal)
General Motors started making payments on the debt it owes to the U.S. and Canadian governments. GM returned $1 billion to the U.S. Treasury and $192 million to Canada. GM owes a total of $7.84 billion. (Bloomberg)
Chrysler Plans Quiet Detroit Auto Show Display [...]
Posted in auto loans, bad credit, car loans, leasing, refinancing on Dec 16th, 2009
Auto Loan Credit Report
There is an auto loan specific credit report that looks at different factors than a normal credit report. This report is only available to car dealers and lending agencies giving auto loans. Because of this, you could get a credit report on your own then go to a dealership and find out [...]
Posted in car shopping on Dec 15th, 2009
General Motors’ newest marketing campaign involves a song that will make your ears bleed when you listen to it and dancing so cheesy it would make anyone cringe.
Anyone familiar with the Failblog.org Web site understands that this attempt by GM to generate buzz about its new plug-in electric car, the Chevrolet Volt, is clearly a [...]
Posted in auto loans, bad credit, car loans, leasing on Dec 14th, 2009
President Obama compares auto lending practices to mortgage and payday lending’s dishonest and misleading practices in his speech this morning to bank CEOs. (AutoFinanceNews.net)
Auto industry seeks a lifeline in D.C. as Michigan struggles for hope – Chapter 2 of an eight-part series looking back over the struggles and challenges the Michigan auto industry has [...]