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What is the Interest Rate for a Used Car Loan with Good Credit?

When you are looking for a new car, one of the things that you may have on our mind is, ”What is the interest rate for a used car loan with good credit?” Ideally, we could give you a number and send you on your merry way, but there are too many factors for that. […]

How Many Payments Can You Miss Before Your Car is Repossessed?

Typically, a lender has the right to repossess your vehicle after you are thirty days late on a single payment. Each lender has its own policy, each state has its own guidelines, and the lender may not tell you how many payments you can miss without a repossession. If they did, it might encourage late […]

Chrysler Appoints UAW Rep to Its Board

Chrysler has given a seat on its board to a Us Against Work (kidding!!) Union (UAW) representative. The representative, Eric Perkins, no relation to Tiger’s waitress, is the director of the UAW’s strategic research department. His appointment, effective June 10, was made at the request of a trust fund that was created to pay the […]

Auto Refinancing an Option for Troubled Times

In these troubled economic times, it can be difficult to keep up with a monthly car payment that was budgeted for in a different era.  With so many people having their hours cut at work, or being let go altogether, it can become nearly impossible. Which is why auto refinancing is a viable option for […]

Save on Your Existing Auto Loan

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 […]

Late Car Payments Rise In 3Q But Down Over 2010

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 […]

Experian Report Boosts Outlook For Bad Credit Auto Loans

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 […]