Hyundai Bails Out Consumers By Buying Back Their Cars
Vehicles have been in the news quite a bit these days, from bailout plans to million-dollar hybrids. Clearly, car companies are desperate ... on their car loan or lease can walk away from a financing obligation when the difference between the resale value of the car and the balance of their loan is less than $7,500. I’m sensing a new trend. Buy [more...]
Date: 2009-01-06 15:59:53
Blog posts
(27) |
Videos
(21)
Thank goodness for Sully.
It’s been quite a week. President Obama signed the stimulus package. Do we know if anyone voted for it in the House or Senate read the darn thing? ... payment to buy a new car, and the bank turned down the loan. This helps the economy how? There was some progress on housing. Low interest rates for qualified borrowers are a start. The President also [more...]
Date: 2009-02-20 22:33:00
Only 'Bout Half as Crazy as Anything Else We've Heard
UPDATE: A note to the quibblers: More zeros as we speak ... in a bank - create money to loan to entrepreneurs. Buy a new car - create jobs Invest in the market ... , setting the stage for Senate approval within days. From an email today: Any argument [more...]
Date: 2008-09-25 17:59:46
Republicants Won’t Clean Up Their Own Mess
Republicants are likely little kids who play with their toys, make a huge mess, they cry and whine when they are asked to clean up their mess ... industry championed by Bush allowed for banks to make subprime mortgage loans. It allowed people ... car loans. Consumers found it easier to get credit thus were more likely to buy a new car [more...]
Date: 2008-11-19 17:12:35
If the money guys hate it ...
It must be a good idea : Yesterday, Nancy Pelosi announced that a housing bill which could come up for a vote this week would include the " ... . I remember the first time I tried to buy a brand new car. It was 1981, I was 19, had a steady job (U.S. Air Force), and paid my bills and I tried to get a car loan. $6995 for a Chevy Chevette (remember [more...]
Date: 2009-02-25 10:37:00
Tips To Help You On What To Do With Your Credit Information
improving credit scores Your credit information may be of no use to you. If you’re not planning on buying a house or renting an apartment, buying a car, taking out a loan, paying for college or getting a new credit card, then you won’t need to worry about getting [more...]
Date: 2008-11-14 03:19:35
GMAC limits loans to buyers with 700+ FICO rating
Filed under: Car Buying, GMIf you're in the market for a new car, you'd better get your credit score in order first ... some sales, but according to credit information services company Experian, 74.3% of all auto loans went ... . Auto lending units are looking for top tier customers right now, and GM's captive credit arm [more...]
Date: 2008-10-14 12:52:03
Buying a New Car – Auto Loan Financing
Buying a car represents the second-largest purchase most people ever make. It's important that yo... [more...]
Date: 2008-12-19 19:43:00
Used Auto Loans Online at Low Interest Rates
Everybody has not enough money to pay for a new car. As for those who want to purchase a second-hand or used car, most of them apply for used car loans. This can be done before they purchase the car or during the process of buying the used car [more...]
Date: 2008-11-10 09:11:24
Working with Credit and Auto Loans
When buying a vehicle, you often have several opportunities to pursue to obtain a vehicle. However, in almost every case, purchasing a new car involves auto financing. Cars are expensive ... you have the possibility of obtaining a car after acquiring the assistance of an auto loan. But just like any other loan [more...]
Date: 2008-11-19 04:15:04
Compare and Select The Best Loan Among Different Loan Types
by Ada Denis Christmas time and the festive period in general is renowned for being a time where we all spend lots and sometimes more money than our ... to consolidate card and other debts but also perhaps to buy a new car, take a holiday, finance a wedding ... and credit cards to finance their purchases of gifts and other extravagances; in fact [more...]
Date: 2009-01-02 09:54:05
‘Cash for Clunkers’
Speaking of that new reality show…. Barny Frank wants to tackle mortgage failures by reducing the loan priciple (rather than high interest rates) effectively buying bad loan risk people houses. So I guess I shouldn’t be surprised someone took this idea to heart and wants to buy them a car, too. Typical Democrats reinforcing bad behavior [more...]
Date: 2009-01-15 18:27:11
Do you know if your clients' credit will be the same right before the closing day?
By Bill ArceAs a former real estate agent, I always advised my clients (once they were pre-approved) ... , to do not open a new credit card, buy a car or a boat, and more importantly to pay their bills on time ... that I learned the hard way when I was active selling houses and also implemented as a loan consultant, I hope [more...]
Date: 2008-09-24 12:41:00
My Financial Implosion: Buying a Truck after Bankruptcy
“A fool and his money are soon parted.” – Thomas Tusser In January 1998, ... immediately, I was deluged with offers for credit. I received letters offering new and used car loans, credit cards, and even household goods. Everybody seemed to want to offer me financing, since they knew [more...]
Date: 2009-02-24 20:13:18
How to Prepare for Buying a Home
This is a guest post from Jim, my friend and colleague at Blueprint for Financial Prosperity ... of thousands, over the life of your loan. Don’t buy a car. Don’t take advantage of 12-month 0% financing “ ... as possible and as little access to credit as possible. Don’t apply for any new credit cards. They could [more...]
Date: 2008-09-03 12:00:29
Investors Business Daily Skewers Amtrak
My favorite Newspaper IBD unloads on Amtrak with this editorial "Railroaded': ... of dollars in subsidies, it would be cheaper to buy its passengers a new car every year ... . laid almost $5 billion dollars in grants on the airlines after 9-11, plus other loans etc. Many [more...]
Date: 2009-02-25 00:40:19
Driven to Bankruptcy
Do you know anybody who bought a new car in October? Most of the country was a little bit preoccupied, I think, for that kind of activity ... that people want to buy. But there's also the fact that if you want a car loan from GMAC, you now need a credit rating of at least 700. Plus, of course, GM no longer owns GMAC, which can't help. [more...]
Date: 2008-11-04 02:39:34
Uncle Same (pun) Wants You To Buy a Car?
Image by New York TimesI can see Jim Kunstler's face right now - pursed lips and purple ... on any auto loan up to $49,500. But it doesn't stop there - if you borrow more, you can still deduct ... - it's only going to 'save' a car buyer around $1,300 on the purchase of a $25,000 car. Of course [more...]
Date: 2009-01-29 18:57:00
Tax Credits Help Home Buyers
RISMEDIA, March 5, 2009-(MCT)-Minette and Efren Gomez spent much of last year looking for a house to buy and finally settled on a new townhome at ... rate, a no-down-payment Veterans’ Administration loan and $24,000 in builder incentives, enough to pay off a car loan and cover starter home costs. The temporary tax benefits were credited [more...]
Date: 2009-03-04 21:50:19
New Oakland Toyota/Scion megadealer closes after two months
Filed under: Trends , Hirings/Firings/Layoffs , Earnings/Financials Just two months after opening the doors to its brand-new, 200, ... Toyota and Scion products, Nissan provided the loan for the new $36 million building). Without credit, the Superior Auto Group dealership was unable to do business. "I can't buy any more cars. Can't [more...]
Date: 2009-03-01 14:01:00
400+ HP super sedans on sale in March for $35,000
Filed under: Car Buying , Sedans/Saloons , Dodge , Pontiac Click above for a high-res gallery of the Pontiac G8 GXP ( ... on a performance car. We've seen some pretty amazing deals, like $18,995 for a brand new Mustang GT ... the automaker's financial service for your loan, so not all dealers may be offering these prices, but we're [more...]
Date: 2009-03-05 21:59:00
GORDON BROWN: BUYING SOMEONE ELSE'S CAR WITH YOUR MONEY
From the Times: Customers buying new cars will get loans from the taxpayer under a controversial plan to rescue the beleaguered motor industry. Finance companies linked to the auto industry could be given access to the Bank of England’ ... that that there are millions of credit-starved Britons queuing up for loans that they cannot get by hook or by [more...]
Date: 2009-01-15 19:09:00
My Experience Buying A New Car
Recently I spent some time shopping for a new car. A dear friend of mine, Ahmad , recommended some good internet resources ... Price Estimator Excel Sheet Auto Loan Calculator Edmunds Long-Term Road Test Blog ... you can pay each month, if you are looking for auto loan. Please note that buying a new car will change [more...]
Date: 2008-07-27 23:56:50
Bailing
Major League Update below. As I understand it---and remember I understand less about these things than John McCain does---the object of the bail ... on. If things collapse, not too far down the road when you want to buy a new car and ask for a loan ... you. If you need a home improvement loan to put a new roof on your house, too bad. If your kid [more...]
Date: 2008-10-03 02:07:36
the damage done
Whoa is me, I'm so miserable and suffering so much ... nothing seems to be working; I think I'll buy a best-seller or get a prescription ... so we can be happy.We think about refinancing our mortgages to honor our bank commitments; we can't sleep at night thinking of schemes to shuffle our credit card debts to repay our student loans- and buy a new car [more...]
Date: 2008-08-17 06:06:00
Know more about the average credit score
If you’re wondering how you compare with the national average credit score, then you don’t have to wonder anymore ... to maximizing your financial potential. Whether you’re applying for housing loan, buying a new car ... history); 10% (concerns the types of credit used whether revolving, installment or consumer finance [more...]
Date: 2008-12-26 06:25:32
Car Loans Now a Part of Stimulus Plan
It should come as no surprise to anyone by now that the unprecedented economic bailout of North America’s big three automakers did not succeed in ... credit? Should one rush out and buy a new car just because there’s a good opportunity ... in the form of a tax credit for consumers buying cars. Hoping that the tax break will allow more people [more...]
Date: 2009-03-05 08:36:46
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