Posted in Auto loans, Automotive, Financing on May 16th, 2008
Chicago – Average auto debt per auto loan borrower nationally rose 0.13 percent in the fourth quarter to $12,738, according to a report from TransUnion.com. The largest state average was in Nevada at $16,133, followed by the District of Columbia at $15,818. The lowest average auto debt was in Michigan at $10,454. “It is not […]
Posted in Automotive, Cost of Ownership, Financing on May 16th, 2008
Detroit – The purchase of an average-priced new vehicle took 23.9 weeks of median family income in the first quarter of 2008, according to the latest Auto Affordability Index compiled by Comerica Bank. The latest reading is down 0.6 weeks from the fourth quarter and 1.1 weeks compared to a year ago. Including finance charges, […]
Posted in Bad Credit, Financing on May 13th, 2008
Yes, you read the headline right. Web loans with 842% interest rates do exist, with some even as high as 2,000%. I know what you’re thinking. Who in their right mind would apply for a loan with such a ridiculous interest rate? The majority of those who are using online loan services don’t have the […]
Posted in Automotive, car shopping, Financing on May 12th, 2008
SANTA MONICA, Calif.–(BUSINESS WIRE)–Edmunds.com, the premier online resource for automotive consumer information, today announced the launch of the Edmunds.com Savvy Shopper Sweepstakes (at http://www.edmunds.com/promotions.html), which will award up to $3,500 to winning entrants who demonstrate their ability to accurately research and price selected vehicles. “Anyone who ever plans to buy a car should be familiar […]
Posted in Auto loans, Automotive, Financing on May 12th, 2008
If you think co-signing an auto loan for a friend or relative is no big deal and you’re just trying to help them out, you’re wrong. New scams target co-signers to make them the primary person on the auto loan. With a quick paperwork change, the co-signer can actually become the loan holder and the […]
Posted in Automotive, Financing, GM on May 9th, 2008
GM is in the news twice today and both reasons have to do with money. On Thursday, GM said it will pay up to $200 million to help end the 10-week-old strike at American Axle & Manufacturing Inc. GM wants to help the Detroit-based parts supplier pay for employee buyouts, early retirements and incentives to […]
Posted in Automotive, Financing, Fuel Prices, Gas Prices, Suzuki on May 7th, 2008
We reported yesterday that Chrysler was offering buyers of their new cars a locked-in gas price of $2.99 a gallon for three years, guaranteed. Another automaker getting involved in the gas incentive battle is Suzuki, who is offering its buyers free gas for the summer. Keep in mind, Suzuki started their promotion on May 1, […]
Posted in Automotive, Financing, Lexus, Price increase, Toyota on May 7th, 2008
Toyota is raising the prices of some of its models to help increase profits in the U.S. market, which is experiencing slow auto sales overall. The increased prices will begin in the middle of May. The 2008 Toyota Yaris sedan will go up $200 to $12,425, the 2009 Camry will go up $200 to $18,920 […]
Posted in Automotive, Cost of Ownership, Financing, Fuel Prices, Gas Prices, Hybrids, SUV, Trucks on May 6th, 2008
If you’re an impulsive person, you make decisions on a whim and usually don’t think about the long-term effects of your decisions. With the current gas price hike, car owners are really considering more fuel-efficient vehicles. For some consumers though, especially the impulsive ones, they are tempted to just head down to the dealer and […]
Posted in Automotive, car buying incentives, Chrysler, Dodge, Financing, Fuel Prices, Gas Prices, Incentives, Jeep on May 6th, 2008
As automakers experience slow sales due to high gas prices, Chrysler introduced an incentive on Monday that is sure to appeal to those worried about increasing fuel prices. Chrysler is offering new car buyers a card good for gas purchases that will lock in the price at $2.99 a gallon for three years. The fuel […]
{/literal}