Better Credit Scores Mean Lower Interest Rates On Auto Purchase
May 20, 2015
Survey: Only 40% of car-buyers check their credit before major purchase May 19, 2015 by Megan Wells Are you hunting for a new car and wondering how this purchase might affect your credit? A new survey from WisePiggy.com shows that consumers arenât always checking their credit score and credit report before purchas ... Continue reading
May 20, 2015
Ford Credit Dream Drive Sweepstakes celebrates the new Mustangâs launch and Mustangâs 50th birthday Two winners, one in Canada and one in the United States, will choose one of six legendary four-day road trips for two using a 2015 Mustang. Winners can customize their travel, worth up to $8,500. Contest runs t ... Continue reading
May 18, 2015
by John S Kiernan Is it a good time to buy a car? Well, April witnessed a 4.6% year-over-year increase in U.S. car sales, bringing annualized projections to 16.5 million â equal to last yearâs output and encroaching on record territory. Both General Motors and Ford enjoyed strong showings, particularly from S ... Continue reading
36 Cars You Can Finance for Under $300 a Month in 2015
Apr 7, 2015
Americans are borrowing record amounts for their new cars, with the average monthly auto loan payment today coming in at more than <span class="xn-money">$480</span><sup>1</sup> . To help car buyers find affordable, high-quality vehicles, leading personal finance site GOBankingRates uncovered 36 cars on sale today R ... Continue reading
New and Used Honda Fit EV New Leasing Options
Mar 23, 2015
Honda is extending the reach of its efficient and fun-to-drive all-electric Fit EV through new lease programs for both existing and prospective Fit EV customers. For current, eligible Fit EV customers, Honda is offering a two-year lease extension that includes a lower $199 monthly payment1 (previously $259) and exte ... Continue reading
Mar 23, 2015
IRVINE, CA -- March 19, 2015: Hyundai Capital America (HCA), a top-10 U.S. captive auto finance company that does business as Hyundai Motor Finance and Kia Motors Finance, is pleased to announce it has partnered with Consumer Credit Counseling Services of Orange County (CCCS-OC), a nonprofit organization dedicated to h ... Continue reading
EFG Companies Recognized as One of the Best Companies in the Subprime Auto Finance Space
Mar 16, 2015
-Subprime Auto Finance News Lists EFG in the Subprime Top 125- DALLAS--EFG Companies, the innovator behind the award-winning Hyundai Assurance program, announced today that it has been named as one of the top 125 most influential firms serving the subprime auto finance industry by Subprime Auto Finance News. Organizati ... Continue reading
Fitch: US Auto Loan Quality Weakens, Particularly for Subprime
Mar 16, 2015
NEW YORK--US auto lenders are likely to see loan asset quality weaken in 2015, with annualized net losses (ANLs) moving closer to their historical averages, says Fitch Ratings. While prime auto loans continue to perform well, subprime auto loan ABS ANLs are deteriorating at a quicker pace, recently crossing 8% before d ... Continue reading
LendingTree Study Indicates Subprime 'Auto Bubble' Unlikely
Mar 16, 2015
Analysis of Borrowers' Credit Scores Show Upward Trend in 2014 CHARLOTTE, NC -- March 13, 2015: LendingTree, the nation's leading online loan marketplace, has released a new study analyzing the credit scores of subprime auto loan borrowers for loans originated in 2014. LendingTree found that over the one year period en ... Continue reading
Enterprise Car Sales Partnership With Credit Unions Helps Drive Record Auto Loans
Mar 4, 2015
Enterprise Car Sales generated a record $483 million in loan volume to more than 28,000 credit union members during 2014 calendar year. Enterprise Car Sales is a service of Enterprise Rent-A-Car, the largest rental car brand in North America, and specializes in working with credit unions of all sizes to increase auto l ... Continue reading
Feb 27, 2015
Mobility Ventures LLC, an AM General Company, is proud to announce an agreement with Bank of America that will make it easier for consumers nationwide to receive financing of the revolutionary MV-1 - - the world's first and only universally accessible vehicle, designed from the ground up to provide safe and comfortable ... Continue reading
Feb 24, 2015
IRVINE, CA -- Feb. 23, 2015: Hyundai Capital America (HCA), a top-10 U.S. captive auto-finance company, that does business as "Hyundai Motor Finance" and "Kia Motors Finance," is pleased to announce it has expanded its partnership with FICO , a leading predictive analytics and decision management software company. Toda ... Continue reading
Ally Anticipating Loss Of GM Lease Biz - CEO
Feb 20, 2015
Detroit February 19, 2015; Peter Rudegeair writing for Reuters reported in an exclusive report that - Ally Financial Inc (ALLY.N) is taking steps to replace its remaining exclusive leasing deals with General Motors Co (GM.N), betting that the largest U.S. carmaker will eventually finish taking that business in-house, t ... Continue reading
Vehicle Finance Trades Urge CFPB to Fix Flawed Methodology in Fair Lending Enforcement
Feb 19, 2015
A coalition representing many of the nation's largest auto finance sources urged the Consumer Financial Protection Bureau (CFPB) today to address the bias and error found in the method it uses to determine whether unintentional disparate impact exists in an indirect auto lender's portfolio. The Bureau has used â a ... Continue reading
Total Outstanding Auto Loan Balances Remain at High Levels--$886 Billion
Feb 19, 2015
Subprime and deep subprime market share remain at low levels Analysis also shows 30- and 60-day delinquencies remain relatively flat SCHAUMBURG, IL - Feb. 19, 2015: Experian Automotive today announced that the total outstanding balance on open automotive loans continued to rise in the fourth quarter of 2014, reaching a ... Continue reading
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