The Blog For Auto Financing News and Advice
Posted in auto loans, auto news, car loans, incentives on Mar 31st, 2010
Toyota plans to extend its 0% auto loan incentives and discount lease offers for at least another month and may make free maintenance standard for all U.S. buyers. Toyota will announce its new incentives April 5, when its current incentives expire.
“We’re looking at having a little bit different execution of complimentary maintenance,” said Bob Carter, [...]
Posted in auto news on Mar 30th, 2010
The U.S. government has asked NASA and the National Academy of Sciences to help it find the cause of sudden acceleration in Toyota’s vehicles.
The National Highway Traffic Safety Administration has been investigating the incidents, where vehicles speed up unexpectedly. The incidents have caused Toyota to recall more than eight million vehicles worldwide. Toyota said the [...]
Posted in auto loans, bad credit, car loans on Mar 29th, 2010
Consumers who have bad credit or have seen their credit scores nosedive during the recession due to foreclosure or any other kind of credit default may find it’s not that difficult to get a car loan anymore.
Lenders specializing in bad credit auto loans say that a two-year industry freeze seems to be over, the Orange [...]
Posted in auto news on Mar 26th, 2010
Chrysler Group LLC announced today it is offering letters of intent to 50 dealerships that are going through the arbitration process to reopen and come back as full-line representatives in its dealer network.
Chrysler said in a statement it hopes to find a mutually beneficial resolution in situations that make sense for the customer, the dealer [...]
Posted in auto news on Mar 25th, 2010
When we have a bad experience at a restaurant or just saw a really good movie at the theater, what do we do? Well, in this day and age, we post it on Facebook or Tweet about it, of course.
Social networking sites have become the place for people to vent about everything from politics, food, [...]
Posted in leasing on Mar 24th, 2010
The Wall Street Journal has a very informative story in its SmartMoney section online about automotive leasing and all the secrets behind the process. SmartMoney lets consumers know 10 things that the dealer and leasing company won’t tell you. But if you know the 10 items, you’ll be better prepared when you go to the [...]
Posted in auto news on Mar 23rd, 2010
Toyota dealers have been busy fixing all the vehicles involved in the sudden acceleration recall. There have been media reports of more than 100 owners complaining of the same problem, even after the pedal has been fixed at the dealership. Toyota said it is confident in the repairs and has found no evidence of other [...]
Posted in auto news on Mar 22nd, 2010
The 661 dealerships that General Motors offered to be reinstated recently received letters with the requirements they would have to meet to start selling vehicles again. Many worried the terms would be difficult to meet in the 60-day timeframe given to them by GM.
But they’re finding out that they’ll be able to get their franchises [...]
Posted in car shopping on Mar 19th, 2010
Used cars are more expensive and reliable ones are harder to find. There simply aren’t enough used vehicles to go around, Portfolio.com reports.
Used car dealers and auctions across the country say that when they can find a used car or truck for their inventory, especially less than a few years old with low miles, they [...]
Posted in auto news on Mar 18th, 2010
GM said it will keep its extended network of Cadillac dealers, reversing plans to cut the dealer network by as much as two-thirds. GM had planned to reduce the number of Cadillac dealers from 1,422 to about 500 by the end of the year. (USA Today)
Toyota is recalling a very small number of Tundra trucks. [...]