What you will need to know about financing a vehicle purchase
Subprime auto lending is not a bubble in danger of bursting like the subprime mortgage lending bubble that set off The Great Recession, despite predictions to the contrary, said a white paper by one of the Big Three credit bureaus….
More Americans owed more money on their vehicles than ever before – more than $902 billion almost midway through 2014 – but fewer are delinquent in making their payments, reports Equifax, the consumer data collection company. That total represents an…
Buying a new car with bad credit isn’t the easiest thing you’ll ever do. Then, again, it’s not impossible, either. “It’s possible to buy a new car with bad credit if you know where to look and how to prepare,” says Edmunds.com…
Americans love their cars – apparently even more than staying out of debt. Nearly 25 percent of all new vehicle loans originated in the first quarter of 2014 were for terms of six to seven years, according to Experian Automotive,…
More than 40,000 consumer complaints were filed within the first two months of 2014, according to the Consumer Financial Protection Bureau (CFPB), record numbers for any one or two-month period during the bureau’s almost three-year lifespan. But if last year’s…
Long-term auto loans and leasing hit record levels in February, according to a J.D. Power analysis of last month’s new-vehicle transactions. “Longer loan terms, coupled with the current low-interest-rate environment, increases the affordability of new vehicles for consumers,” said Thomas…