The Blog For Auto Financing News and Advice
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, 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, 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, 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 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 [...]
Posted in auto loans, car loans, car shopping, leasing on Nov 19th, 2009
Can you really buy a new car, drive it off the lot and then total it in an accident on your way home? Sure. Accidents are totally unpredictable and I’m sure there are people out there who have had this situation happen to them. I think gap insurance is definitely something you should read up [...]
Posted in car shopping, leasing on Nov 13th, 2009
Leasing is making a comeback and Toyota and Ford are ramping up advertising to promote leasing to car shoppers. (News4Jax.com – Jacksonville, Fla.)
Missouri Attorney General Chris Koster is suing six auto-service (extended warranty) contract brokers based in the St. Louis metro area, seeking injunctions requiring the companies to obey state trade rules and restitution for [...]
Posted in leasing on Nov 12th, 2009
If you recently lost your job, are going through a lifestyle change or just like to have a new car often, a lease transfer may be a good idea for you. Leases are contracts which can be very expensive to get out of. Scot Hall, executive vice president of operations at Swapalease.com, says that a [...]
Posted in auto loans, car loans, car shopping, leasing on Oct 28th, 2009
GMAC wants more Treasury money, but the Atlantic magazine thinks the government should let it fail. (The Atlantic)
Fisker Automotive wants to reopen an old GM plant in Delaware to build its electric-hybrid vehicles. (Philly.com)
Ford employees (also UAW members) in Louisville, Ky. vote on a new contract with Ford with certain concessions. Results are expected Friday [...]