Ads on zero-percent auto loans are ubiquitous. They always seem enticing especially for budget-conscious car shoppers. But not every good ad is really that. Let’s find out what it really is and how it works. (more…)
The salesman at your local car dealership may be telling you a lot of things about the deal. But that doesn’t mean he’s giving you helpful information. Actually, he may be hiding things from you. Here are some examples. (more…)
Have you been in an auto show lately? Did you notice that cars today, particularly 2013 and 2014 model years, have impressively improved cabin technology? That’s because the competition in the aspect of in-car tech among automakers has grown fiercer. Below are some cabin features that are not just cool but also useful for most drivers of today. See if your car has them. (more…)
Chase is no longer writing auto loans to the car buyers of about 1,800 dealerships or nearly 11 percent of its stores for this year.
According to Bruce Jackson, head of retail lending at Chase, the company wants to focus on the dealerships that bring them higher volumes. The 1,800 dealerships are culled because they brought only less than five percent of the lender’s annual auto loan volume. (more…)
It was reported a few days ago that the sales of some automakers for the month of January declined due to the wintry weather. However, it was recently revealed that not all car manufacturers experienced a slump in the said month, prompting a inquiry as to whether the weather is solely to blame for disappointing sales figures.
It is not advisable for any new car buyer to read the entire sales contract. It is important to read before signing anything, but reading such contract takes too much time. In order to review the contract without having to go through everything, keep your eye on the figures included.
Do you know that there is a right time for auto loan refinancing? Refinancing is a good idea, but only under certain conditions. If you are intrigued by the idea of having a lower monthly payment and are interested to apply for refinancing, read on. Listed below are instances when refinancing is most advantageous.
The U.S. auto industry face a new threat, though the threat itself is not exactly new. Car-sharing companies, which have been around for about a decade, are the newest threat to automakers. According to a study, car-sharing is increasingly becoming a serious problem as it affects demand for new and used vehicles alike.
The harsh weather was tough on drivers, and now, statistics are showing that it was tough on auto manufacturers too. Some automakers report weak January sales, attributing the lower-than-anticipated figures to bad weather.
Thanks to lower auto loan delinquencies last year, easy auto loans are expected this year.
Experts foresee that the low delinquencies in 2013 will encourage lenders to keep credit accessible even to subprime borrowers and that the delinquencies this year will also remain low.