Tag Archives: auto loans
Subprime Auto Loans Easy Availability UPDATE: Delinquencies of 60 days or more have increased by 27 percent in the 3d Quarter of 2014 Equifax reports. The largest increase is among sub prime borrowers as might be expected. Mississippi, South Carolina and Alabama are the worst offenders. North Dakota with its booming economy is the best.
Looser Credit Drives Better Automobile Sales Because looser credit drives better automobile sales auto dealers this year have enjoyed their most robust sales since the beginning of the recession in 2007. Looser credit drives better automobile sales as well as driver’s pent up need to replace older vehicles. Many have made do with what
Refinancing Car Loans Soaring Low interest rates and pent up demand have caused a growing demand for people to refinance older car loans they may have gotten at a higher rate. Many people have been riding out the recession by driving old but still serviceable cars longer. When you’re worried about job security a new car
Auto Loan Co-Signing Alternative That Keeps a Friend How will you react when the dreaded moment arrives when your friend or relative asks you to co-sign a loan for them? They have to have that car. Maybe they need it for transportation to and from work. Maybe they need a minivan to take the
Auto Repossession Default Primer We all know that if we fail to make payments as agreed on our auto the dealer’s ultimate recourse is repossession. But how far In arrears can we go? Exactly how does it work? What gives them the right to do this? What do I do if I’m under the gun?
Auto Lending Eases Auto lending eases as banks maintain a tight fisted approach to mortgage lending. Lenders seem to be adopting the philosophy that auto loans with an average rate of 4.46% on a 5 year loan are an attractive and safe investment. Many borrowers opt for 6 or even 7 year car loans. Lenders