The Wall Street Journal recently reported that Chrysler Financial’s bankers are scrambling to avoid higher borrowing costs when the unit rolls over about $30 billion of short-term, car-loan-backed debt next month, reports the Detroit News. Chrysler CEO Bob Nardelli said that isn’t so. Chrysler’s financing arm is not in danger of losing the ability to […]
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Posted in Automotive, Electric cars, Financing, GM on Jul 22nd, 2008
GM has joined with more than 30 utility companies across the U.S. to help work out electricity issues that will happen when it releases its new electric vehicles in about two years, reports the AP and USA Today. The partnership includes the Electric Vehicle Research Institute and large utilities such as Southern California Edison and […]
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Posted in Automotive, car shopping, Financing on Jul 21st, 2008
Good Housekeeping magazine has a story on their Web site about how to haggle. Not only does it address consumers’ fears about the process, but it actually tells you what to say. And it tells you what the salesperson at the dealership will probably say back to you throughout the conversation. Here are some tips […]
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Posted in Automotive, Chrysler, Dodge, Financing on Jul 18th, 2008
Chrysler’s Dodge Avenger and Chrysler Sebring sedans are losing in sales to their competitors. The Chevrolet Malibu, Ford Fusion and Honda Accord all had sales increase 10 percent or more this year, while the Sebring’s sales have dropped 30 percent. The Avenger gained only two percent in sales. In response to these sluggish sales figures, […]
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Posted in Automotive, Financing, Used cars on Jul 16th, 2008
What are the graduates of the class of 2008 going to do? They’re going off to college soon and will need a small, cheap used car. They’ll need one that is inexpensive to insure. So while these recent grads and their parents are out shopping for a decent used car, they could get a case […]
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If you think manufacturer incentives on trucks and SUVs are pretty good right now, you’re correct. But if you take into account the extra incentives individual dealers are adding, buying a truck or SUV right now could save you a huge amount of money. The downside is that the dealers are the ones taking the […]
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Posted in Automotive, Chrysler, Dodge, Financing on Jul 11th, 2008
Chrysler LLC announced Thursday it will offer zero percent financing for six years on its 2008 Dodge pickups in an effort to help boost sales. The zero percent financing offer applies to the 2008 Dodge Ram Light Duty Quad and 2008 Dodge Ram Mega Cab, according to Chrysler. The company will be launching a redesigned […]
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Posted in Automotive, Financing, Insurance on Jul 10th, 2008
According to a recent study on auto insurance rates by Insure.com, switching from a big SUV or truck to a small car is likely to raise your insurance premium. The consumer shift to smaller, more fuel-friendly cars is huge right now, as the price of gas averages more than $4 a gallon. Shouldn’t your insurance company […]
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Posted in Auto loans, Automotive, Financing on Jul 8th, 2008
The national 60-day auto delinquency rate declined nearly 18 percent between the fourth quarter of 2007 and the first quarter of 2008, from 0.79 percent to 0.65 percent, reports Dealer Magazine. The rate drop is according to a TransUnion.com analysis of trends in the auto lending industry for the first quarter of 2008. The 18 […]
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The Detroit Big Three are extending sales and promotions, increasing rebates and offering low or no interest financing to get car shoppers in the doors of their dealerships in the hopes of selling their vehicles. All three are suffering in the sales department and are hoping that recent incentives will help. Last week, Chrysler extended […]
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