The Blog For Auto Financing News and Advice
Posted in auto loans, car loans, leasing on May 26th, 2010
Mercedes-Benz Financial is giving its dealers Apple iPads to help move the auto loan process out of the finance manager’s office and onto the showroom floor, and to speed-up transactions. Mercedes-Benz Financial says it is one of the first companies to adapt the consumer-oriented iPad as a mobile business tool.
MB Advantage, which is Mercedes-Benz’s point-of-sale [...]
Posted in leasing on May 20th, 2010
Nearly 80,000 used vehicles were leased in April, which is an increase of 3 percent compared to April 2009. CNW Research’s April data indicates that this is the first increase since a nearly continuous monthly decline that started in July 2009.
CNW says the reason for the used car lease increase is that consumers want more [...]
Posted in auto loans, auto news, car loans, car shopping, leasing on Apr 28th, 2010
In their search for a loophole, auto dealers claim that the new financial reform bill will restrict affordable car loans and result in fee hikes.
“The auto dealers are urging senators to avoid over-regulating their dealerships, burdening them with redundant laws, and ultimately limiting consumers’ credit options. These concerns are unfounded. A key feature of the [...]
Posted in leasing on Apr 9th, 2010
Struggling with underwater mortgages and life changes from divorce are the two biggest reasons consumers cite when they want to get out of their auto lease contract, according to LeaseTrader.com’s fourth quarter 2009 data.
LeaseTrader.com said that South Florida remains the third most popular region in the country for consumers who are either looking to get [...]
Posted in auto loans, car loans, leasing on Apr 8th, 2010
GMAC Financial Services announced Thursday that its retail banking subsidiary, Ally Bank, has entered into a $7 billion secured revolving credit facility with a syndicate of lenders. The facility has a 364 day maturity and is available to fund automotive receivables.
“Ally Bank is a key part of our automotive funding strategy and this new credit [...]
Posted in auto loans, car loans, leasing on Apr 7th, 2010
U.S. Mazda customers will continue to get their auto loans and leases through Chase Auto Finance for several more years. Mazda North American Operations (MNAO) and Chase announced they have expanded their relationship by signing a multi-year private-label agreement under which Chase will be the exclusive U.S. auto finance provider for Mazda, operating under the [...]
Posted in incentives, leasing on Apr 5th, 2010
Three New York Acura dealerships have joined forces to offer consumers a leasing incentive they’ve named “Triple Zero.”
Rallye Acura of Roslyn, Paragon Acura of Woodside, Queens and Acura of Westchester in Larchmont, N.Y. are all participating in the lease offer. The three dealerships announced their “Triple Zero” incentive Monday, which allows customers to pay $0 [...]
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 loans, auto news, car loans, leasing on Mar 12th, 2010
The 661 GM dealers who recently learned they can be reinstated are still waiting on the details. GM hasn’t given them the exact requirements to keep or reopen their franchise. The 661 dealers received phone calls letting them know they were chosen for reinstatement. But, they will have to meet GM’s requirements and terms of [...]
Posted in leasing on Feb 25th, 2010
Although we are starting to climb out of the recession, it’s hard to imagine spending $111,005 on a car. Yet Tesla Motors is promoting its 2010 Roadster and Roadster Sport EV cars. And if you can afford it, you can now lease the six-figure car.
“We are committed to continuously improving and enhancing the Roadster, offering [...]