Jul 10, 2012
International AutoSource has been nominated for an EMMA (Expatriate Management and Mobility Award) by the Forum for Expatriate Management for their Car Purchase, Leasing and Financing Services aimed to assist expats moving to the United States. The Forum for Expatriate Management (FEM) is the largest expat mobility net ... Continue reading
Summer Car-Buying Advice: Tips for Calculating "On-Budget" Loan Payments
Jul 10, 2012
CarFinance.com today released the third in its series of auto financing tips specifically designed to help empower car buyers with below-prime credit -- this time providing advice on calculating potential auto loan payments that will keep them on budget by identifying the car, and monthly loan payment, they can actuall ... Continue reading
Banks Will Expand Lending to Car Buyers with Damaged Credit, FICO Survey Finds
Jul 10, 2012
In FICO's quarterly survey of bank risk professionals, lenders said they are expecting an increase in the availability of car loans for consumers with damaged credit. The survey, conducted for FICO by the Professional Risk Managers' International Association (PRMIA), also found that survey respondents expected delinque ... Continue reading
Auto Loan Volume increases 25-49% From Recession Lows
Jun 28, 2012
New auto finance company loans originated between January-March 2012 totaled $52.5 billion, which is 49% higher than the recession low in March 2009 ($26.9 billion) according to Equifax's May National Consumer Credit Trends Report. The most current data also shows that new auto bank loans amounts originated between Jan ... Continue reading
DealerTrack Credit Application Network Now Exceeds 1,200 Active U.S. Lenders
Jun 28, 2012
Reaching a new milestone in its history, DealerTrack today announced the number of active lenders connected to the DealerTrack credit application network has exceeded 1,200 U.S. lenders. The DealerTrack credit application network allows dealers to electronically submit credit applications to their connected network of ... Continue reading
American Truck Group Sees Private Lending Driving Job Growth For Trucking Industry
Jun 27, 2012
At a time when returns on savings, CDs and bonds alike have dwindled to near zero, American Truck Group's* private lending opportunity is catching fire. 'It's still money. Someone has to own the mortgage on the truck.' While corporate America is outsourcing more and more jobs, the trucking industry is suffering from a ... Continue reading
Jun 27, 2012
Mitsubishi Motors North America, Inc. (MMNA) has selected Ally Financial to be a preferred provider of leasing and financing for the company's breakthrough 100 percent electric-powered 2012 Mitsubishi i. Consumers can now lease a Mitsubishi i at certified dealers nationwide for lease payments as low as $249 per month** ... Continue reading
Jun 25, 2012
Years of fiscally sound investments and conservative spending by the Polish & Slavic Federal Credit Union paid off for 35 members recently, as the nation's largest ethnic credit union opened up its vault and helped spread the wealth by handing out an impressive array of prizes -- ranging from a new Ford Escape SUV to f ... Continue reading
NACS - Consumers Reap Savings, Economy Benefits From Debit Card Reform
Jun 14, 2012
Home Depot has slashed prices on more than 3,000 products since the Durbin Amendment took effect. WASHINGTON June 14, 2012; NACOSONLINE reported that the Merchants Payments Coalition welcomed news this week that Home Depot in joining the nationâs retailers, both large and small, in passing savings from debit card ... Continue reading
Auto Finance's Best Kept Secret? Refinancing: Top Seven Questions to Ask
Jun 4, 2012
CarFinance.com today released the second in its series of auto financing tips specifically designed to help empower car buyers with below-prime credit -- this time for those who are seeking to refinance their auto loan to lower their monthly payment. "Most people do not realize that they can keep their car, but tra ... Continue reading
GreenPath Debt Solutions Reminds Buyers To Check Their Credit Report Before Auto Shopping
Jun 2, 2012
Strong Big 3 May auto sales shows demand, but homework first can help save money on loan -- As the Detroit automakers released double digit sales increases for May, it is evident that there is a resurgence in the demand for automobiles. But before you kick the tires or experience that "new car smell," those looking for ... Continue reading
May 31, 2012
Mercedes-Benz Financial Services Canada captured the highest satisfaction ranking in two of the three major categories of the recently-released J.D. Power and Associates 2012 Canadian Dealer Satisfaction Study (SM). In the Prime Retail Credit Segment Rankings, Mercedes-Benz Financial Services Canada ranks highest in de ... Continue reading
Experian Automotive Ranks Huntington Auto Finance Number One Among Banks in Auto Dealer Loyalty
May 30, 2012
Huntington Auto Finance, a division of Huntington Bank , has been ranked number one among banks in Auto Dealer Loyalty by Experian Automotive. The annual ranking is based on customers who financed their vehicle loan through Huntington and then returned to the same dealership as a repeat customer. ... Continue reading
May 29, 2012
Experian Automotive today announced that average credit scores for consumers buying a vehicle have dropped to near prerecession levels. According to its quarterly automotive credit analysis, the average credit score for financing a new vehicle dropped six points to 760 and dropped four points to 659 for used vehicles. ... Continue reading
Santander Consumer USA Expands With Full-Spectrum Auto Lending
May 27, 2012
Santander Consumer USA Inc. ("Santander"), an industry leader in auto financing, has expanded its Santander Auto Finance lending program to include the prime tiers. This new "full spectrum" of auto lending will make it easier for dealers to sell more vehicles while helping more consumers purchase a car or truck. In the ... Continue reading
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