Posted in Automotive, Financing on Mar 3rd, 2009
The Federal Reserve introduced a $200 billion program Tuesday to help lenders make credit available for car loans, student loans, credit cards and small business loans. The program is designed to boost consumer credit, an area of the economy that is struggling badly right now. The Fed said the $200 billion program could generate up […]
Posted in Automotive, BMW, Financing on Oct 24th, 2008
If you’re in the market for a BMW you are in luck my friend! That’s because in a bid to move their old stock from dealer lots, BMW has recently announced they are offering 0.9% financing on all remaining 2008 models. When they say all they mean all, including all the high performance M models […]
Posted in Automotive, Financing on Aug 6th, 2008
U.S. auto sales struck a 16-year low in July as automakers were unable to keep up with demand for smaller, more fuel-efficient vehicles, reports the AP and Yahoo. Another factor for low July sales is the brewing trouble in the credit and auto leasing industry, with several companies getting out of leasing and/or getting stricter […]
Posted in Automotive, Chrysler, Financing, Ford, GM on Aug 6th, 2008
Experts say that the Big Three might be forced to file for bankruptcy, while the automakers adamantly argue they have enough money and bankruptcy is not an option. So which is it? Everyone knows that GM, Ford and Chrysler are losing money and sales are down big time. All three companies have recently cut staff […]
Posted in Automotive, Financing, Safety on Aug 5th, 2008
ARLINGTON, Va.–(BUSINESS WIRE)–The 2009 Acura RL, a large luxury car, earns the Insurance Institute for Highway Safety’s TOP SAFETY PICK award. Winners afford superior overall crash protection among the vehicles in their classes. To qualify, a vehicle must earn the highest rating of good in the Institute’s front, side and rear tests and be equipped […]
Posted in Automotive, Financing on Aug 5th, 2008
Yet another lender has backed out of the automotive finance business. As of Monday, HSBC has stopped financing vehicles, saying it will focus on its core consumer mortgage lending and credit card business units, reports Special Finance. HSBC made the decision in July after being a major player in the automotive finance industry for a […]
Posted in Automotive, car buying incentives, Chrysler, Financing on Aug 4th, 2008
As Chrysler was ending its lease program last Thursday, the company announced on Friday new financing deals to try and keep customers who want to lease. Chrysler will allow customers to purchase cars under finance deals with payments similar to leases, reports CNNMoney.com. “As part of our annual August model-year clearance, we are leveraging the […]
Posted in Automotive, Chrysler, Financing, Leasing on Aug 1st, 2008
Chrysler announced a week ago that its finance arm, Chrysler Financial, would get out of the leasing business as of Friday, August 1. In one week, Chrysler has seen a flood of buyers trying to lease a vehicle before the company stops offering the option, reports the Wall Street Journal. “It has been a frenzy,” […]
Posted in Automotive, Financing, Hybrids, Toyota on Aug 1st, 2008
How can this be? Well, it seems those who want a Toyota Prius hybrid are so impatient that they are buying used ones and paying more for them because they aren’t willing to wait for a new one to become available. High gas prices and wait lists of two months or longer for new Priuses […]
Posted in Automotive, Financing, GM on Jul 30th, 2008
General Motors will stay in the leasing business through August, but hasn’t committed beyond that, the company told dealers in a letter Tuesday, reports the Detroit News. After next month, “we don’t know the answer,” company spokeswoman Susan Garontakos said. The August guarantee should help dealers find leasing options for their customers amid tighter credit […]
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