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

Blog posts (539) | Videos (373)
 

Automotive Financing Depends Heavily On Credit

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 ... , among other things. These days, because of the weakened economy and the credit crunch, financing [more...]

Date: 2008-10-29 16:00:17

General Motors Fighting Uphill Battle with Double Edged Sword

Shortly after the U.S. government lent the Big Three $17 ... credit losses because GM funds the majority of its car sales through GMAC, its own financing division ... to buy new cars, regardless of what their credit score is. As car inventories build and GM’ [more...]

Date: 2008-12-30 16:31:17

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

Weakened Credit Lines Have Eliminated 100 Percent Auto Financing Deals

In generous times, consumers were able to procure 100% financing on cars ... for quality loans in order to purchase a vehicle, and others without stellar credit can find financing ... industry. Credit lines have shrunk, and lenders have imposed strict standards for borrowers to follow [more...]

Date: 2009-01-13 17:41:54

GM Loosens Credit Restrictions

2008malibu270 In a rare instance of seeing an immediate impact on consumers from federal bailouts, GM’s financing arm, GMAC, will lower its credit requirements from a credit score of 700 to one of 621 to secure car loans ... of providing credit to buyers, including an agreement with Midwestern credit unions. The new requirements [more...]

Date: 2008-12-30 16:13:12

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

A Major New Idea From Treasury, On Asset Securitizations

There’s a remarkable story being reported in the New York Times ... a different but analogous process, other kinds of consumer loans are also securitized: car loans, credit ... -backed securities (and thus revive consumer credit) without financing. Up until [more...]

Date: 2009-02-20 14:13:15

Strict Auto Loans Beget Great Car Deals

Because of the credit crunch, it’s much harder than it was in previous years to obtain a loan. In fact, for the majority of this century, you could easily apply for a mortgage or car financing ... and locking up opportunities for financing that were otherwise strong possibilities during the real [more...]

Date: 2008-11-06 17:18:37

Financing a Car With Bad Credit

Nobody wants to be stuck with an unreliable vehicle in this day and age, and with the government having brought in new regulations and prices relating to the cost of vehicle tax on many vehicles, a lot of people may be considering changing their cars either because they do not want to be hit with ... [more...]

Date: 2008-09-13 23:00:37

Is Your Auto Loan Too Long?

When financing a new car, people seem to be willing to do anything for low monthly payments ... of that loan even more, and you might qualify for a zero-interest financing plan (provided your credit ... . Right now, the average auto financing plan lasts 70 months–that’s almost six years. That trend [more...]

Date: 2008-10-13 19:19:03

Treasury Warns Against Getting Into Trouble With Debt

Earlier this month the Treasury Department, headed by Henry Paulson, in conjunction with The Advertising Council, ... financial future. I love the tagline: “Don’t let your credit put you in a bad place.” In an apparent ... to finance things like a home, a car, or a college education, credit can help us bring our dreams [more...]

Date: 2008-09-29 16:47:02

On Avoiding Student Loan Payments

Debt is a bitch and student loans have taken center stage recently as the credit crisis threatened the ability of students to get loans ... . At a minimum, you can’t get a loan for anything. No car loan, no mortgage, no credit cards, no 0% financing… ... . Initially, I felt bad. Then I thought about it some more and realized that we all make choices and [more...]

Date: 2008-11-03 15:55:55

Chrysler says to shut down all production for month

DETROIT (Reuters) – Citing a credit crisis and dwindling sales, ... financing for new car purchases. "As a result of the financial crisis, the automotive market ... that was also posted on its website. Chrysler said its dealers were getting car shoppers into showrooms [more...]

Date: 2008-12-18 02:49:17

Pwned

From the Irvine Housing Blog, via Atrios: Generation Y began buying starter homes in earnest during the Great Housing Bubble ... ) to their housing costs, plus trying to finance car payments and credit card debt is going to find it very [more...]

Date: 2008-09-25 16:20:19

GMAC Loosens Credit, Car Dealers Applaud

GMAC Loosens Credit, Car Dealers Applaud Reporter | Don Sniegowski | Dec 30 | retail McLEAN, Va. (Blue MauMau) - GMAC Financial Services announced that it will immediately resume auto financing for a broader spectrum of U.S. Read More | [more...]

Date: 2008-12-30 20:33:22

Tough times call for tough decisions

At the start of 2009, things are bad for a lot of people. Many are losing their jobs and have no prospects for work in the immediate future ... . I think it is fair to say that we have become soft. Easy credit, no-interest financing ... think they deserve a new car every 3 years or a new mobile phone every 12 months? Why should [more...]

Date: 2009-01-07 14:02:15

Evaluating the Obama Speech

President Obama struck a different and more optimistic tone in his address to a Joint Session of Congress ... . President Obama made it clear that normal lending and credit is necessary to buy a home, to finance a car ... policy.  It is widely conceived as a bailout of those who made poor decisions and their investors [more...]

Date: 2009-02-25 06:20:10

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

Gettin' Fit

Recently, I've been gettin' "fit" in multiple ways. I've been working out to a different routine for about a week. And trying to eat healthier ... and, because my credit score rocks (honestly, it does — it's above 720), got rather keen financing ... of red cars — most every car I've owned has been red. The Fit is roomy, full of amazing features (yay [more...]

Date: 2009-01-23 23:21:49

Ctrl BG: A Shortcut to Financial News 11/29

Hope everyone is having a great Thanksgiving weekend and got some great bargains yesterday! ... facility to support consumer finance, including student, auto, and credit card loans and loans backed ... consumers get home, car and credit card loans easier. I haven't figured out all the implications [more...]

Date: 2008-11-29 14:40:00

U.S. Tries a Trillion-Dollar Key for Locked Lending

By VIKAS BAJAJ NYT Credit cards, home equity lines, student loans, car financing: none come cheaply or easily in these credit-tight times. The banks, the refrain goes, just will not lend money [more...]

Date: 2009-02-20 11:52:00

Help a Reader: Financing a Car

Here's a question I recently received from a reader: Would financing a car now, with a good down payment, and plans to pay it off before the end of 2009 effect my credit and mortgage worthiness if we wanted to purchase a home at the end of 2009 to mid 2010? Your thoughts? [more...]

Date: 2008-10-13 19:45:10

How Near Is The Czech Economy To Recession?

The highly open Czech economy is set to slow down considerably, affected by the deteriorating outlook for its main trading partners ... ), and that the dependence on car exports is a real achilles heal at a time when a generalised credit crunch means that the financing which is needed for people to make car purchases often quite simply isn't [more...]

Date: 2009-01-25 09:18:00

How Near Is The Czech Economy To Recession?

The highly open Czech economy is set to slow down considerably, affected by the deteriorating outlook for its main trading partners ... ), and that the dependence on car exports is a real achilles heal at a time when a generalised credit crunch means that the financing which is needed for people to make car purchases often quite simply isn’ [more...]

Date: 2009-01-25 09:20:29

Financing Auto Loans or Car Loans After Bankruptcy

If you do not begin establishing a good credit history after bankruptcy, your credit score will not improve. If filing bankruptcy, it is wise to educate yourself on ways to quickly boost credit rating. One such tactic includes financing an automobile. Most auto loan lenders offer loans to people with bad [more...]

Date: 2009-02-19 06:40:08

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

Open Thread

by Mary Satyajit Das, the world's expert on credit derivatives (he wrote 3 volumes on this topic) ... he paid barely six month ago. The interesting thing was that the proceeds from the sale of the car ... he sold to finance the car. 2008 is perhaps the only year on record in which a distressed price [more...]

Date: 2009-02-28 04:00:20

Ford: Credit Still Available to Car Buyers

When the Great Depression hit, it came over a stock ticker, ... and is still lending to car buyers. Ford's financing arm is willing to lend and lease to consumers with decent ... loudspeakers. What happens when every talking head on TV says there's no credit? Well, people assume [more...]

Date: 2008-10-14 20:33:19

Politician: it's not your money

So says Michigan Republican Congressman Joe Knollenberg chastising opposition to the auto bailout. Apparently it's not taxpayers money, it's not your money -- it's his. I should note, my mom just bought a new car and qualified for financing. So he's wrong again about a "credit crunch." Oh [more...]

Date: 2008-11-20 14:46:02

Credit crisis - cars

http://www.bloomberg.com/apps/news?p...aeM&refer=news Quote: . . . U.S ... asking me if I would spread business around, sending them more used-car business and customers ... with ready access to financing.'' The Toyota unit was the largest auto lender in the U.S. by market [more...]

Date: 2008-09-21 05:37:22

Trickle Down Effects of Letting U.S. Automakers Go Bankrupt

This is a guest post by Steadfast Finances‘ Matt. The U.S ... muscle car or run a nationwide clearance sale using zero percent financing incentives. This time ... , and the subsequent tightening of the credit markets, the Big Three automakers once again find themselves [more...]

Date: 2008-11-10 16:00:27

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

When TV Advertising Became Annoyingly Huge

New York State is home to Billy Fuccillo and his auto mall businesses ... reasonably and he could finance even those with bad credit. For a time the www.billycredit.com website ... a car from him but they were sure he had the best [more...]

Date: 2009-02-25 15:10:37

Chrysler to shut down all plants for a month

Chrysler announced today that it will be shutting down all of its manufacturing operation for a month starting Dec.19th as a result of the lack in consumer credit for new car buyers that has led to a decrease ... of financing. The dealers said that they have lost an estimated 20 to 25 percent of their volume due [more...]

Date: 2008-12-18 01:25:48

Thomas Friedman Pleads for Reason

The wealthiest journalist in the US says he "understands" why we're angry at Wall Street, ... subprime mortgage bonds, which is why you were able refinance your house two years ago. And your local ... to finance your street’s new sewer system, and your local car company depended on the credit markets [more...]

Date: 2008-10-02 05:17:18

The Credit Crisis Hits Home

Evidence that the tight credit markets are having an impact on Main Street: ... s still quite possible to get a car loan, even with less-than-perfect credit. But the most favorable ... interest-free financing, for example, on certain sport-utility vehicles that haven’t budged from car [more...]

Date: 2008-10-07 16:39:06

Broke & Stupid?

Are you broke? Seriously?  Be honest!!! If you missed one paycheck–would you be crippled financially?  How about if you missed two? ... of us are in debt up to our eyeballs…are you… Upside down in a car (owe more on it than it is actually worth?) Sitting on financed furniture? Making minimum payments on credit cards & telling yourself that you’ll [more...]

Date: 2008-10-01 11:26:36

Why its hard to get a mortgage from the big banks now

In case you don’t follow me on Twitter ( @mejoe ), I’ve been having a lot of problems financing a house–with good credit and cash on hand, ... of credit from commercial banks to fund the loans which we then sell. According to the MBA (Mortgage ... should have a talk with Crazy Dave’s Used Car Lot down the street. [more...]

Date: 2009-03-01 07:03:56

Plug-In Hybrids Could Get $10,000 Tax Credit

Last year, legislators passed new rules about plug-in hybrids and their tax credits ... . Currently, there are no such plug-in commercial vehicles planned. Senate Finance Committee Markup Proposes Doubling PHEVs Eligible for Tax Credits to 500,000 Units (Green Car Congress) [more...]

Date: 2009-01-28 20:09:42

Chrysler shuts down all production for month

Hey Sen. Bob Corker ... do you and Sen. McConnell really want to be responsible for bringing down the auto industry? Then get off your ass and FIX IT! ... of those potential sales because of the lack of consumer financing for new car purchases ... with all the money we gave them, because they are certainly not extending credit to people who want to buy [more...]

Date: 2008-12-18 04:02:00

Link roundup: Gender bender edition

A friend from church and I went to Best Buy to get a few RCA gender benders for his video project ... are links of interest from a few of the great blogs in my reader: Free Money Finance had his house ... guest poster Tanesha talks herself out of a new car. No Credit Needed is tired of being treated [more...]

Date: 2008-11-10 06:32:22

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

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

Bailout Costs Now $74,000 Per U.S. Household, And Keep On Coming

The bailouts are being rolled out at such an incredible pace now, ... financing for their everyday needs." The $200bn will be aimed at the credit markets underpinning car ... secretary Henry Paulson announced plans to pump $200bn into the consumer credit market after [more...]

Date: 2008-11-26 07:01:29

Chrysler Announces Financing Deal With Credit Unions

Sebring It’s no secret that securing credit for a big purchase is a beast in this economy, which is why GM recently teamed with a group of credit unions to offer low-interest loans ... of $22 billion in auto loans for car purchases. In addition to the loans and existing cash-back [more...]

Date: 2008-12-18 13:11:15

Dem Policies At Work... Detroit Median Home Price Is $7,500

Abandoned home in Detroit. ( Flickr ) After years of corrupt liberal politicians and democratic policies it's come to this ... and Ritholtz reported: “It may be tough to get financing for a new car these days, but in Detroit you can buy a house with a credit card . The median price of a home sold in Detroit in December [more...]

Date: 2009-03-02 03:35:00

GMAC Will Ease Lending

GMAC said that it would immediately resume financing to a wider range of car buyers, ... in a statement that it would modify its credit criteria"."And General Motors said Tuesday that it would begin to offer zero-percent financing on some models as it tries to jump-start sales"."On Monday [more...]

Date: 2008-12-30 22:19:00

Tesla’s Rough Road Ahead

Luxury car manufacturers are always trying to convince themselves that they are recession proof. It’s foolish ... credit markets for expansion and vehicle financing, gas prices plummeting distract buyers ... to auto industry analyst Jesse Toprak. From Electric car startup downshifts for rough road [more...]

Date: 2008-12-28 16:28:27

[For Vents] Crisis in the Heartland

Crisis in the Heartland: Consequences of the New Wall Street System Peter Gowan New Left Review 55 January/February 2009 Against mainstream ... in the us economy within a matter of months—and not just mortgages, but car loans, credit-card receivables ... 2008 As stock markets plunge and governments scramble to bail out the finance sector, [more...]

Date: 2009-03-02 17:10:24

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