The last physical quarter of 2011 saw the best car affordability since 2009’s third quarter, according to a report just released by Comerica Bank. The lowering of auto prices, along with consumers’ improved credit scores, have many in the auto industry predicting that 2012 will be a strong year for auto sales. The average [...]
Filed under Auto Loan Industry by on Feb 22nd, 2012. Comment. 
Getting into a new car loan can seem to be just the thing to do at times. After all, those new cars are awfully inviting. They’re fun to drive, so smooth, so comfortable, such an upgrade from what you’re gasping and wheezing around town in now. Dang, they even smell good. However, all good things [...]
Filed under Uncategorized by on Feb 13th, 2012. Comment.
Although the score from last Sunday’s Super Bowl is recorded and nearly forgotten already, the numbers from the Super Bowl ads are just beginning. Of course, it can be a little difficult to tell who the winner is when it comes to advertisements, but that’s why the good folks at Edmunds and AutoTrader have set [...]
Filed under Car News by on Feb 10th, 2012. Comment.
Despite the ongoing sideway drift of the American economy, Americans continue to buy more new cars at continually increasing prices. Nationwide, approximately 12.8 million new cars and trucks were sold last year, a jump of 8.7% from the previous year. The average price likewise increased with the December number being $30,686, up 5.8% from 12 [...]
Filed under Car News by on Jan 27th, 2012. Comment.
BluCurrent Credit Union in Branson, Mo, has announced that it is has a wide range of Missouri auto loans that consumers may access to purchase a new or used vehicle whether it be a car, motorcycle, truck, van, RV, ATV or boat. The credit union uses a guaranteed asset protection (GAP) program to assist borrowers [...]
Filed under Car Deals by on Jan 16th, 2012. Comment.
Traditionally lenders have considered an applicant’s entire credit history when it came to deciding whether or not they should approve a loan. However, this practice may be coming to an end. In fact, some new and used car auto loan providers are going so far as to actively pursue those who have fallen behind on [...]
Filed under Auto Loan Industry by on Jan 9th, 2012. Comment.
Ever wonder how much more a bad credit rating costs per month? Probably not, if you have good credit. Here are a few examples of what a subprime rating can cost in certain situations, according to Money Magazine. $25,000 auto loan…Excellent credit: 4.2%…sub-prime credit: 11.3%. That is an extra $81 per month. $50,000 15 year [...]
Filed under Credit Scoring by on Dec 30th, 2011. Comment.
The subprime lender sector has be making gains, moving towards its pre-recession market share. Along with the reemergence, there has been a loosening of lending restrictions, allowing lower credit scores to be approved. Bad credit auto loans accounted for 21.9% of new car loans last quarter, up 14.8% over the same quarter last year. [...]
Filed under Auto Loan Industry by on Dec 6th, 2011. Comment.
The number of auto loans that were behind by sixty days or more rose 0.03% from the second quarter to the third. The flip side is that those same rates dropped by 0.14% over the same period of 2010. While the delinquency rate has dropped in eight consecutive quarters, the average auto loan balance is [...]
Filed under Uncategorized by on Nov 28th, 2011. Comment.
A recently released report from Experian Analytics shows that the delinquency rate for auto loans declined once again. This should be good news for people who need a bad credit auto loan. Understanding the lending climate can help buyers know when it is best to apply for a poor credit auto loan. With a decline [...]
Filed under Uncategorized by on Nov 23rd, 2011. Comment.
