Ally Financial (formerly GMAC Financial Services) is preparing to originate auto loans that should please any car buyer who has suffered through an upside down loan. The Detroit Free Press reports that Ally will offer car loans in America’s five most highly populated states that will enable borrowers to sell their cars back to Ally Read on! →
Tag Archives: car loans
Origination of U.S. auto loans in the first quarter was particularly lively, according to a new report by Experian Automotive. Easier auto lending terms – some of the easiest since the dawn of the recent recession – have opened the door for auto lenders to make more auto loans to customers now considered safe credit Read on! →
Are You a Repossession Risk?
Posted by Mark
Repossessions are on the rise In the third quarter of 2009, the national 60-day auto delinquency rate (defined by TransUnion.com as the ratio of auto loan borrowers 60 or more days past due) edged up to 0.81 percent, from .80 for the same quarter in 2008. TransUnion calculates the delinquency rate based on the approximately Read on! →
Are you Looking for New Car Loans?
Posted by Mark
Online lenders usually offer lower interest rates than car dealerships. If you perform one extra step before you head to the car dealer, you could save yourself a lot of money and a lot of hassle later on. That simple extra step is to apply online for a pre-approved new car loan. The first step Read on! →
Americans pay car loans before mortgages
Posted by Mark
A new study shows that more U.S. consumers, even in this post-recession slump, are putting their cars first when bill-paying time comes around — even over mortgages and credit card debt. American drivers seem to be saying, “we don’t mind tightening our belts if we need to, but darn it, we have places to go.” Read on! →
Guess that Toyota recall will continue to hurt for a while Toyota is a brand that has been synonymous with quality over the years. While they remain a high-quality automaker, the recent Toyota recall (including the little Prius braking problem) have but a bit of a damper on their financial outlook. Not only will it Read on! →