Posted in Automotive, Chrysler, Financing on Jul 30th, 2008
Fitch Ratings cut Chrysler LLC’s credit rating further on Tuesday, saying restricted access to financing for its vehicles will result in lower retail volumes, reports CNNMoney.com. The credit ratings agency lowered Chrysler’s issuer default rating two notches to “CCC” from “B-“. The agency said Chrysler’s restricted access to economic retail financing for its vehicles is […]
Posted in Automotive, Financing, Ford, GM, Leasing on Jul 29th, 2008
Ford informed its dealers that it is raising the price on leases of its most profitable trucks and SUVs due to the “extreme losses” its lending arm is taking on these vehicles, reports the Wall Street Journal. Also, GMAC LLC, which is minority-owned by General Motors Corp., has decided to stop leasing to consumers who […]
Posted in Automotive, Financing, Fuel Prices, Gas Prices on Jul 29th, 2008
Those looking to save money on gas might be able to try using gas rewards credit cards to help save a few bucks while filling the tank. When you use these credit cards at gas stations to fill your tank, you can earn anywhere from one to six percent cash back. Other cards have different […]
Posted in Automotive, Financing, Mini on Jul 28th, 2008
Automotive News is reporting that the U.S.’s 82 Mini franchises are out of cars. I was skeptical, so I called the local Mini dealer here in Fort Lauderdale, Fla. and to my surprise, they are indeed almost out of inventory. They only have one hard-top, a couple Clubmans and a couple convertibles in stock. The […]
Posted in Automotive, Chrysler, Financing, Leasing on Jul 25th, 2008
Chrysler LLC has started telling dealers it will no longer offer auto leases through its lending arm, Chrysler Financial, reports the Wall Street Journal. Chrysler and other auto companies with financing units are taking on a lot of losses from leases, due to low resale values of trucks and SUVs. This will make it harder […]
Posted in Automotive, car buying incentives, Financing, GM on Jul 25th, 2008
GM is trying a different tactic to help sell its vehicles. The company is offering employee discounts to nonemployees on a limited basis, reports the Wall Street Journal. GM employees received an email Thursday letting them know they can give one employee discount to anyone they choose from now until Thursday, July 31. “During this […]
Posted in Automotive, car buying incentives, Financing on Jul 24th, 2008
Story (in italics) by wftv.com. NEW SMYRNA BEACH, Fla. – Gas prices have hurt SUV and truck sales so much that one car dealer says, if you buy a gas guzzler from him, he’ll give you a more fuel-efficient car for free. New Smyrna Beach Chevrolet is offering the two-for-one deal to anyone who buys […]
Posted in 0% Financing, Automotive, Financing on Jul 23rd, 2008
Infiniti is currently offering 0% financing for 6 years on two of its SUVs. The 2008 models of the EX35 and QX56 are included in the offer. Infiniti’s EX35 crossover SUV According to Infiniti’s Web site, buyers have to be well-qualified (have stellar credit) and might have to put down a down payment. Also, the […]
Posted in Automotive, Financing, Fuel Prices, Gas Prices on Jul 23rd, 2008
Drivers in the southern part of the U.S. have been hit the hardest by increased gas prices, according to a report released Tuesday by the Natural Resources Defense Council, an environmental group. The report also said that state governments in the south should take more steps to help cut fuel consumption, reports AOL and Reuters. […]
Posted in Automotive, Chrysler, Financing, Jeep, SUV on Jul 22nd, 2008
The Jeep Patriot is the least expensive SUV to own, says Edmunds.com. The company based their results on projected model-specific average vehicle ownership costs, consisting of depreciation, financing, taxes, fees, insurance premiums, fuel costs, maintenance and repairs. The data is based on a five-year period of ownership. “Even though gas prices are high, some consumers […]
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