The Blog For Auto Financing News and Advice
Posted in auto loans, bad credit, car loans on Apr 23rd, 2010
AutoNation, the country’s largest auto dealership chain, says credit is loosening up, making it easier for consumers to get approved for auto loans.
AutoNation CEO Mike Jackson said auto sales are up for several reasons. Not only is credit becoming more available for shoppers to get car loans, but buyers are more confident that they’ll be [...]
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 loans, bad credit, car loans on Mar 11th, 2010
Car shoppers with bad credit will find if they need to buy a car, there are lenders out there who will approve them, but they will have to pay a high interest rate to borrow the money.
A year and a half after the credit crisis started, subprime lending is alive and well, TIME reports, especially [...]
Posted in auto loans, bad credit, car loans on Jan 22nd, 2010
A dealer in Davison, Mich. says three-fourths of the auto loan applications he receives are rejected. “We’d sell a lot more cars if financing were more easily attained,” said Chris Graff from Hank Graff Chevrolet in Davison. (ABC12/WJRT-TV/Mid-Michigan)
Wyatt-Johnson Auto Credit opened in Clarksville, Tenn. The company says its goal is to “provide reliable vehicles combined [...]
Posted in auto loans, bad credit, car loans, car shopping, leasing on Jan 19th, 2010
Getting an auto loan is a big financial responsibility. You’ve worked hard to get your credit score to a place where you’d qualify for the car loan or lease, and now you have to make sure you can make the payments, or end up damaging your score.
Ward’s Dealer Business has a few tips from Dara [...]
Posted in auto loans, bad credit, car loans, leasing on Jan 11th, 2010
After paying off all her credit card debt by completing a debt management program and paying her auto loan on time for two years, a consumer wants to know how she can repair and rebuild her credit score to qualify for a mortgage or future credit. (Bankrate.com)
GMAC Financial Services, the captive lender for car loans [...]
Posted in auto loans, bad credit, car loans on Jan 5th, 2010
If you have good or superb credit, you should have no problem getting an auto loan right now. If you have bad credit, you may be approved, but you’ll pay more in interest. More car shoppers are getting approved for car loans right now due to the government’s TALF program and looser credit, the AP [...]
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 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, [...]