Car Finance with Bankruptcy

If bad credit car loans candidates go out in market only one or two lenders come forward to offer an auto loan, for them online financing can be a great time saver. read more [more...]

Date: 2008-09-29 06:43:25

Blog posts (204) | Videos (323)
 

The bailout may be killed by add-ons

The bailout may be killed by add-ons Posted Sep 22nd 2008 4:01AM by Douglas McIntyre Filed under: Deals, Bad news, Law, ... to potentially allow purchases of instruments such as car loans, credit-card debt and other devalued assets ... , if the plan is extended to include individual home mortgages and things like auto loans, the size [more...]

Date: 2008-09-22 12:35:18

The bail-out may be killed by add-ons (pfblogs.org)

Filed under: Deals, Bad news, Law, HousingThe list of additions to the $700 billion Paulson bail-out plan could well kill it ... , "a change to potentially allow purchases of instruments such as car loans, credit-card debt and other ... , if the plan is extended to include individual home mortgages and things like auto loans, the size [more...]

Date: 2008-09-22 08:51:01

Car Sales Crash

Analysts had already predicted that the credit crisis would take a bite out of auto loans -- and therefore, auto sales. On Wednesday, we learned just how bad things are. [more...]

Date: 2008-10-02 20:32:34

Fed Rate Cut

What if the economic bailout package is not enough to free the locked-up credit markets? Big banks may sell bad assets to The Treasury Department, but will they loan that money to the man ... , reported car sales figures were down over 30% for September for many auto companies. The major excuse [more...]

Date: 2008-10-02 13:20:00

Eric Posner Imagines a Non-Discriminatory Auto Bailout

From the Volokh Conspiracy: The government would offer cheap loans to foreign automakers as well as domestic automakers, for example ... on you. In bad times, economic nationalism is hard to control. Perhaps another way to do this, with less of an outcry, would be to offer a tax credit to consumers for each car purchase.   Still [more...]

Date: 2008-12-11 14:42:36

That Giant SUCKUP Sound

Note: This column originally appeared at Pajamas Media on Thursday morning. _________________________________________________ Let’s see ... s separate from the bailout fund. Then there are the “efficient car” loan guarantees already on schedule ... had congressmen known how Treasury would really use the money. Too bad; now it’s too late. It’s not only [more...]

Date: 2008-11-22 13:40:51

Weekly Economic Potpourri November 29, 2008

Every week there are a numerous headlines that are worthy of mentioning but I simply run out of time. Here are a few headline news reports of interest from the past week.Japan’s Factory Output Falls as Turmoil Hurts ExportsJapanese manufacturers reduced production in October and plan further cutbacks as a worsening global financial crisis weakens [more...]

Date: 2008-11-29 18:46:00

And Then There Was One

The collapse of the North American Big Three Automakers means that by the end of this collapse of capitalism there will be one left standing ... in Canada auto industry, nationalized under workers control and producing green cars. After ... . What we see is the falling rate of profit, which was artificially kept up by consumer spending through credit [more...]

Date: 2008-11-08 12:27:00

Big 3 ask for MORE money…

Why hold one hand out when you have two hands… (more money) Ford to a MUCH lesser degree than GM & Chrysler. ... as reductions in its vehicle brands and plants by 2012. The auto giant is seeking a $12 billion loan ... some of their triplets.. So maybe, just maybe (if they survive) they can make A car that is not crap (vs [more...]

Date: 2008-12-03 05:41:35

What A Nobel Laureate Thinks About Detroit & Bailouts

Look, money and finance is not my strong suit, so asking me what should be “done” about the Detroit automakers circling the drain would be little ... : I know this is complex and layered but I hope you will permit to start with a basic choice. Should the auto industry ... who would be hard to find. And industry - it’s been badly run. Lots of bad decisio [more...]

Date: 2008-11-22 16:53:10

Things must be rough in California

This one particular auto title loan outfit has “eight offices throughout California.” (Note that they serve only California, and no other state.) ... credit, bad credit, it didn’t matter. (Just like the old “Bill Gehr” commercials on 41 on a Sunday ... or an auto title loan to help us ride them out forever. It is merely a step. But hopefully [more...]

Date: 2009-03-10 10:49:27

September Car Sales? A Real Drag!

September car sales reports will be trickling in over the next few days and the news isn’t likely to be pretty especially for America’s automakers ... again, furthering its year long slide. Every automaker will suffer though it may not seem as bad ... thanks to a credit market that went into a tailspin a few weeks back. Through August 2008, year [more...]

Date: 2008-10-01 07:08:07

Selling The Auto Rescue (and maybe a Chrysler) to Congress

ABC's Zach Wolf from Washington: CEOs for the big three auto makers are going to be up on Capitol Hill later today under the klieg lights before ... . And who better to sell the idea of a big new loan than a fleet of car salesmen, dispatched ... his lot instead. Eddy said its unfair when he hears people say American car companies have made bad [more...]

Date: 2008-11-18 18:23:49

Obama likely to make early mark on economy

Housing, energy, auto sectors may be reshaped under new administration By John W. Schoen DETROIT – At Ford Motor Co ... to the struggling auto industry, which is bleeding cash and jobs as sales have dropped to their lowest ... the $700 billion bailout to include car companies. Critics say leaders over the years at Ford Motor [more...]

Date: 2008-11-09 17:44:07

“I know, we’ll dig our way out!”

When exactly did the current economic “situation” stop being a crisis and develop into a full-blown parody? ... all be happy as clams… except this ignores the underlying problems facing the auto industry. Car ... , they are money pits. The average loan in the United States is for 98% of the car’s total value (couldn’ [more...]

Date: 2009-03-10 16:57:52

Bailouts - when will they end?

As most people knew and predicted, once one industry got a bailout (loan or direct grant of cash), it would be hard to tell all other industries 'no ... to refinance expiring, performing commercial real-estate loans," said the letter. "For many borrowers ... , OUR money, actually.The auto industry was deemed by Congress and the President to be 'vital [more...]

Date: 2008-12-22 12:44:00

A look into my mind...

This past year has been a rollercoaster year for me and I have found myself reflecting today and realizing some new things recently ... on my husband. Financially, we started off 2007 with all of our credit card debt paid off and only a small amount left on our auto loan. I had felt a strong prompting a few months prior to get it all paid [more...]

Date: 2008-08-14 22:08:00

You Ain’t Seen Nothing Yet

“The problems we face today cannot be solved by the minds that created them” Albert Einstein Obama hasn’t even been sworn in yet, and already the Wall Street cheerleaders are celebrating his first great triumph. According the pundits, the stock market staged a surprise 494 point rally on Friday because–get this–it was announced that [more...]

Date: 2008-11-25 12:27:31

DrumBeat: October 11, 2008

GPS could save airlines billions in fuel costs CHICAGO - A World War II-era air traffic network that often forces planes to take longer, ... expensive — still makes sense because the cost of driving is almost as bad and driving takes longer ... crisis is not just some kind of bad dream, but the new reality. With globalization, it is clear [more...]

Date: 2008-10-11 13:14:59

Handling the Economic Crisis

I started to write this as a comment on Mike Gerson’s response to this Transterrestrial Musings post on the stock market’s continued slide ... paper and overnight bank loans, and would let the companies with bad investments fail. Let me expand on that. All of these problems arise out of two fundamental issues. First, very, very bad loans [more...]

Date: 2008-10-10 03:38:25

The TARP gets a makeover

Remember that whole thing about buying up billions of dollars in crummy assets and securities to shore up the banking system? ... the government's $700 billion bailout program to include credit card, student loan and car loan companies ... of the bailout fund that remains uncommitted. Much of the first half was used for direct capital investments [more...]

Date: 2008-11-12 17:12:00

No welfare for well-off workers

First this: GM Said to Ask for U.S. Aid in Chrysler Merger Talks Then a Washington Post editorial: AFTER YEARS of decline, U.S. auto companies face the double whammy of a credit crisis and a recession. Car and truck sales ... in the past year, and investor Kirk Kerkorian is dumping his shares. The $25 billion federal loan [more...]

Date: 2008-10-27 21:03:45

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

about it recently, but this weekend's festival is actually a pretty big deal. Historically, local giant fests don't go so well when set up near New York, but this one seems to have the backing and support to actually get done right. First off, it certainly helps to have a band like Radiohead headline two nights [more...]

Date: 2008-08-08 18:53:54

The Automobile Industry Bailout

I thought this was good and will post this in its entirety, as it explains why it is important the U.S ... our party was a bad fit. They include such luminaries as Strom Thurmond, Jesse Helms, Lester Maddox, Pat ... that the auto companies brought this on themselves, and therefore deserve to go bankrupt. He vows [more...]

Date: 2008-11-17 16:41:12

Bush's Perfect Storm

Perhaps we have living proof this week that “The Market” can't fix “Everything;” and, that the Roadblock Republicans in the US Senate will continue to use their favorite legislative tool – the filibuster – to block legislation in the upcoming rump session. Senate Majority Leader Harry Reid (D-NV) is asking Sen [more...]

Date: 2008-11-14 21:31:00

Obama's Big Chance

Albeit reluctantly, the Senate gave the go-ahead to release the additional $350 billion in TARP funding contemplated by the original plan ... to breathe life back into this economy.” To his credit, President-elect Obama acknowledged ... for banks to lend money? A really, really bad idea. While some of the badness that happened over [more...]

Date: 2009-01-16 04:29:19

Save Virginia From Any Federal Auto Bailout

Virginians need to be concerned about what the federal government will do to screw up the economy - like Hoover and FDR did ... like this one for the Automobile industry; “the most important piece of any recovery package ... with federal loans, is a program of private financing with federal guarantees. There is no doubt [more...]

Date: 2008-12-17 14:02:00

Why not just give US the money?

Lame Duck Teasury Secretary Henry Paulsen insisted on talking again today, as did his boss, sending the markets south, ... of wealthy investors: A Treasury news release noted that in 2007, about $240 billion in car, student ... toward consumer loans in the form of credit cards, auto loans and student loans, as well as some forms [more...]

Date: 2008-11-25 19:38:09

Scanning the Auto Blogosphere

Hello again, car fans. Let’s get one bit of bad auto news that’s been widely reported over the last week out of the way pronto: ... that the automaker will make up to 3 months of car-loan payments for any Hyundai new-car buyer who loses ... scribe” (does anyone at GM know what newspaper reporters get paid?), was just plain weird. The Car [more...]

Date: 2009-02-26 22:44:42

One bailout supporter?s Doomsday scenario

Evan Newmark, writing on one of the Wall St. Journal’s blogs on Friday, three days before Monday's vote on the $700 billlion bailout plan: ... for in cash. As the credit markets shutdown, the mortgage, auto and small-business loan markets ... Street’s credit cards will be reduced, foreclosure proceedings accelerated and car-leasing programs [more...]

Date: 2008-09-30 19:42:20

Another Week of GW News, August 5, 2007

Courtesy of H.E.Taylor, here is this week's GW news roundup(skip to bottom) Top Stories, South Asian Floods, GWB's Summit, European Heatwaves, Asian Particulates, North Pole Flag, Hansen Hurricanes, Hurricane Frequency, el Niño, Glaciers, Sea Levels, Satellites Impacts, Wacky Weather, Floods & Droughts, Biofuel & Food Mitigation, Transportation, [more...]

Date: 2007-08-06 23:29:00

Another Week of GW News, September 9, 2007

Courtesy of H.E.Taylor, here is this week's GW news roundup(skip to bottom) Top Stories, APEC, Arctic, Polar Bears, Greeek Wildfires, Times Atlas Hurricanes, Felix, Fitow, Henriette, & Gabrielle, ENSO, DSCOVR Impacts, Tropical Rainforests, Wacky Weather, Heatwaves, Floods & Droughts, Biofuel & Food Mitigation, Architecture, Sequestration Journals, [more...]

Date: 2007-09-10 23:05:00

Ensign's Senate Floor Speech: How to talk about automobile manufacturing without ever using the word "Worker"

“Senator John Ensign today called on the White House to take the option of using the Troubled Asset Relief Program (TARP) ... are in italics. Mr. President, I rise today to speak about the possible bailout of the Big 3 automobile ... domestic products and we MUST revert to “free-marketeering?”American automobile company executives [more...]

Date: 2008-12-20 06:36:00

Green news is good news (mostly)

Photo courtesy of Ted Abbott at Flickr.com. A lot of news about the environment lately has been good news - there are huge solar arrays being ... than even knew what recycling was 20 years ago. But, there’s some bad news on the environmental desk ... their certification. This is a little bit of a good news / bad news situation, because the problem [more...]

Date: 2008-12-08 22:40:02

Clayton Makepeace: A Conspiracy of Imbeciles

A really great article here by Clayton Makepeace on the current economic turmoil. Clayton is one of my favorite marketers - I read his blog religiously for marketing insights. At the end of his article, he encouraged people to link to the article or post in its entirety - so I am doing both. Enjoy, and prepare yourself to get riled up! [more...]

Date: 2008-10-01 13:33:00

No Cash Yet For Chrysler; Treasury Favors GM?

Although I don’t necessarily agree with The Wall Street Journal’s editorial this past Friday (January 2, 2009, pg. A14) ... – Treasury to Ford: Drop Dead — I must concur that the federal GMAC Financial Services government’s handling of the $17.4 billion loan package for the auto industry is a curious one. Ford isn’ [more...]

Date: 2009-01-05 07:11:23

A Rescue Plan for the Middle Class

Barack Obama delivered a speech in Toledo, Ohio this morning in which he proposed new ideas for dealing with our current economic crisis ... to double $25 billion the government loan guarantees for automakers and to temporarily eliminate taxes ... got auto plants right here in Ohio that have been around [more...]

Date: 2008-10-13 18:19:42

No Collateral Is Needed For Unsecured Personal Loans

by Dave Davis In order to qualify for many type of loans, you will have to have an asset to use as collateral ... that are in this situation. Although this type of loan often carries a high interest rate, anyone with a solid credit ... . Individuals with poor credit will usually pay a much higher rate, or won’t be able to secure a loan [more...]

Date: 2008-10-22 09:40:09

PFBlogger Spotlight: Green Panda Treehouse

What color is US currency? It’s green. What’s one of the most content creatures on the planet? Well, one of them is a panda ... of it. I got a credit card in college and like many of my friends, I charged on it like crazy ... some of my friends (who would return the favor and use their credit card next time). I also thought [more...]

Date: 2008-08-07 16:28:03

Auto Industry -- Take II

A couple of weeks ago, I wrote about the many, many problems plaguing GM and the other leading U.S ... , Congressional Republicans followed the same logic I espoused in that post, pushing back on these blank-check ... and Ford have indicated that they need under $10 billion apiece, and mostly in the form of loan [more...]

Date: 2008-12-04 16:56:00

The Future of financial literacy here, and around the world

Financial literacy (understanding the language of money) is absolutely essential to living a successful and independent life ... the banking crisis was bad, wait until you experience a full blown crisis of consumer confidence ... financial literacy, you end up with an over leveraged economy and a credit bubble that pops, taking [more...]

Date: 2008-12-14 03:56:39

car loans

car loans Filed under: Autos, Finance, Loans, Shopping Effective Search Techniques for Online Car Loans The Internet has become the financial hub ... . Our example is in search of an auto loan, and they have bad credit. So let’s “ask grandpa” where ... , I will be posing as a consumer with credit trouble interested in getting a car loan. The First [more...]

Date: 2008-09-30 16:28:10

Car Loans

Car Loans Filed under: Autos, Finance, Loans Effective Search Techniques for Online Car Loans The Internet has become the financial hub of the ... . Our example is in search of an auto loan, and they have bad credit. So let’s “ask grandpa” where we would ... as a consumer with credit trouble interested in getting a car loan. The First mistake people [more...]

Date: 2008-09-30 16:29:28

Address to Joint Session of Congress

Did you watch? What are your thoughts? (I was actually impressed by how often the Republicans in the chamber stood and applauded.) The full text of the president’s speech, as prepared for delivery, may be read below the fold. Remarks of President Barack Obama – As Prepared for Delivery Address to Joint Session of Congress Tuesday, [more...]

Date: 2009-02-25 03:50:46

Worse Than You Think – Part 3

The three largest automakers in the United States have clearly been deficient in their diligence and results. While there are structural and procedural differences between them what is common between General Motors, Ford, and Chrysler is an inability to produce a viable core product [more...]

Date: 2008-12-03 19:45:38

Here It Is: My Long-Awaited And Tremendously Under-Informed Opinion (At Least Of Late) About The Financial Crisis

Important people are telling us to be afraid... very afraid... of what will happen if we don't "fix" this "thing" ... depended on the credit markets to finance your auto loan — and now that the credit market has dried ... it affects us all: This is a credit crisis. It’s all about confidence. What you can’t see is how bank [more...]

Date: 2008-10-01 16:27:41

The economic crisis: a good thing?

I’m kind of thankful for the economic crisis. This is essentially a credit crisis that began with risky and sometimes flat-out bad home loans ... , if not impossible, for lower-income people with poor credit to purchase a new car. Car dealerships and auto ... getting a modest car loan will be a challenge. Here’s the new trend in car loans we’ll see [more...]

Date: 2008-10-02 17:48:41

Don’t Get Stung By Auto Leasing Like I Did!

Here’s the truth about vehicle leasing, especially bad credit auto leasing is that leasing is a choice that’s filled with several pitfalls for the ... them: 1. An unusually low interest rate: Some bad credit auto dealers will offer up a lower interest ... s the biggest leasing scam of all? This is! You ask your neighborhood bad credit car dealer how much [more...]

Date: 2008-10-03 01:05:22

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