Someday soon we may have to turn back the clock on home lending

This is my column for this week from the Arizona Republic (permanent link) ... plans. Check the calendar. Did someone dial the clock back to 1968? Not quite, but the credit crunch ... years, the business of America has been credit. Car dealerships don’t sell cars, they sell financing [more...]

Date: 2008-11-29 19:54:07

Blog posts (17) | Videos (57)
 

Focus On Used Car Parts Gas Powered Remote Control Cars And Car Buying Guide

When it comes down to it with the current credit crunch that we are living in so many people do not have enough monies to be able to purchase a ... through dealers and used car superstores. Some car dealerships provide certified used cars, with extended ... we can see a growing trend in the amount of people who are looking into used car parts as a means [more...]

Date: 2008-12-29 11:59:56

The Benefits of Auto Financing

In today’s world, you have many options available to you to pursue any number of things when it comes to making purchases. You’re probably often given the choice to use cash, debit, credit, check ... estate market or a car dealership to obtain what you need. There’s a strong private market [more...]

Date: 2008-11-24 16:34:21

Getting a Bad Credit or No Credit Auto Loan

By katie GeorgeEveryday people swamp into the dealerships all across the US, looking at new or pre owned vehicles ... score and credit history. Bad credit shouldn't stop anyone from getting a car loan, it may ... of residence, most recent pay check stubs, and maybe even references. Bad credit car loans are harder [more...]

Date: 2009-01-09 09:36:00

Floorplan Freeze

From Bloomberg: Without access to floorplan financing, most dealerships would be forced out of business, said John Casesa, ... dealerships, to the point of recalling their loans, and sluggish car sales have made a bad problem worse ... of different brands. Credit availability for consumers wishing to buy cars already has been cut. Many lending [more...]

Date: 2008-10-10 22:08:44

A Slumping Automotive Market May Help Some Buyers

Today’s economy has made it so that car dealerships are struggling to move inventory ... , the cost of food, shrinking equity, and reduced credit lines have made the average consumer very leery ... , dealerships are being very cooperative with the buyer. Sales are at their worst since 1995, and car [more...]

Date: 2008-12-30 15:28:06

How to Adjust your Lean Efforts in this Economic Crisis?

by Jamie Flinchbaugh, Lean Learning Center I can't count how many times I've said that there is no recipe for lean ... crunch. From manufacturers to car dealerships, the ability to get financing regardless of the cost ... of you not fully paying attention, the credit squeeze is not a one-week issue. It has been a growing, very [more...]

Date: 2008-10-07 11:00:00

poor dealership service (not porsche)

hi guys...long time no see...the following is my experience at a local dealership i went to today.. ... out numbers until after i drive the car...i'm still trying to decide what i want...and the financing may ... ready for a test drive, then he says that only people with approved credit get to drive the car [more...]

Date: 2008-12-17 06:23:05

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

Deuce McAllister Nissan Files Bankruptcy

  Former New Orleans Saints running back   Deuce McAllister   has filed for bankruptcy protection for a   car dealership   he owns in Mississippi. The free agent running back is in a dispute with Nissan’s financing arm. Nissan ... McAllister defaulted on a deal, then exceeded his   credit line. — Chris Todd [more...]

Date: 2009-03-04 01:11:35

Big Three Plant Closings - December 18, 2008

Is anyone out there car shopping these days? As the Big Three continue to wait for Congressional approval of a bailout, ... within the consumer credit markets, the dealerships aren’t able to close the deals due to the lack of credible financing. General Motors (GM), another intrical part of the equation, confirmed reports [more...]

Date: 2008-12-18 18:07:00

Court documents: NFL star McAllister owes $6.6M

Former New Orleans Saints running back Deuce McAllister has filed for bankruptcy protection for a car dealership he owns in Mississippi. The free agent running back is in a dispute with Nissan's financing arm. Nissan says McAllister ... on a deal, then exceeded his credit line. McAllister said Tuesday he filed for bankruptcy to protect [more...]

Date: 2009-02-28 04:45:16

So, is it mine?

On Thursday, when I wrote about Character and Greed, I was not thinking of the possibility that the car in my garage may not technically be mine ... trying to contact the now closed Infiniti dealership, I started making phone calls to the credit union who was doing the financing, along with the tag/title office in our county. What I heard [more...]

Date: 2009-02-15 10:30:00

Independent Dealership Failures Should Slow as Used Car Market Rebounds

Many independent used vehicle dealers closed in 2008 as the credit crunch and cautious consumers shrank sales. The situation has now improved such that larger dealers could return to significant profits within the next 5-6 months. [more...]

Date: 2009-01-31 04:35:40

Coordinated Bankruptcy for the Auto Industry

The Times offers an interesting editorial proposing that the federal government facilitate the simultaneous bankruptcy of the "Big Three" auto makers, accompanied by extension of sufficient credit to sustain their operations through ... to cut the number of dealerships by a third," again they would be facing lawsuits by car dealers [more...]

Date: 2008-11-25 20:30:00

Judging a Car Dealer by their Automotive Website

You can tell a lot about how a car dealer treats people by what appears on their websites ... .  Check out their service and parts pages on the website.  If they are prominent, that's a good sign.3) Credit Applications: In 2009, a possible reason that a dealership would not have a nice, secure [more...]

Date: 2008-12-21 09:42:00

Credit Crunch Roundup — November 13, 2008

Items of Interest:David Herszenhorn / NY Times:Dodd Says Auto Bailout Lacks Votes in Senate -- Senator Christopher J ... contracts, dealership agreements and financing agreements by, for and with General Motors, Ford ... to U.S. automakers in exchange for a government ownership stake in Detroit's car [more...]

Date: 2008-11-14 04:54:00

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