Archive for the ‘Financing’ Category

Various Plans Would Help Consumers Buy New Cars

Saturday, April 4th, 2009

Cheryl and Chris Jensen in the NY Times deliver a comprehensive overview of the various ideas being considered to convince consumers to get into the new vehicle market. Whatever happens, it's the best time ever to buy a new car, minivan or truck.

Ford Offering Major Benefits For New Car Buyers

Tuesday, March 31st, 2009

In an effort to get its sales moving again, Ford has brought forward a plan to make the ownership experience better for its customers. The best way to see what the Detroit firm has in mind is to consider the press release on the matter:

Saturn Fights To Keep Its Name And Products Viable

Friday, March 20th, 2009

GM's struggles to survive have put its most female-friendly division at risk, but the operators of the Saturn brand and dealerships are doing their best to keep customers interested. The lineup of products and no-haggle, no-hassle sales atmosphere should still be attractive to a lot of women.

Cash-For-Clunkers Scheme Under Consideration Again

Thursday, March 19th, 2009

The theory with a cash-for-clunkers program is that reduces air pollution by getting older vehicles off the road and helps the economy by allowing people to buy newer, more fuel-efficient vehicles from North American car companies.

Incentives Keep Growing As New Car Sales Drag

Tuesday, March 17th, 2009

Deals keep getting better on new cars, as auto companies struggle to find the right level of incentives to get buyers back onto their lots. The customers who decide to buy should get a better deal than ever.

The Problem With Paying Cash For Beat-Up Old Cars

Sunday, February 22nd, 2009

It sounds like a good idea to get rid of the vehicles that pollute the most, but the mechanics of it might not be so straightforward.

How Detroit Restructuring Could Affect Consumers

Wednesday, February 18th, 2009

Every person's situation is different, of course, but there are some generalizations that can be made for what the financial troubles in Detroit mean to consumers and this writer at the Washington Post does a pretty could job of explaining them.

Buying New Car Online Should Be Part Of Auto Changes

Friday, February 13th, 2009

Not being able to buy a new car online costs most consumers money, consumer groups believe, so there's a push to change the way auto purchasing works as part of the overall restructuring of the industry.

Progressive Tailors Insurance To Fit What You Can Afford

Tuesday, February 10th, 2009

This is pretty interesting, since it speaks to a growing concern across the country. It has limitations, to be sure, but it could work for lots of people feeling the economic pinch.

Buyers Pay Twice For Used Cars As Dealers Ignore Loans

Tuesday, February 10th, 2009

This is one of those situations that makes people hate and distrust used cars dealers in general, and who can blame them? Consider this: Often when a dealer buys a used car to sell to another owner, he promises to pay the original owner with the proceeds from the sale ...

Senate Approves Interest Rate And Tax Rebate Bill

Thursday, February 5th, 2009

It's not for everyone, but some people looking for a new car will certainly be helped by a bill that earned Senate approval on Wednesday night.

Falling Car Sales Make This A Great Time To Buy

Wednesday, February 4th, 2009

It's yet another variation on the classic supply and demand principal, but that doesn't mean it's still not great news for someone looking to buy a new vehicle.

Florida Case Suggests Lying For A Loan Is Not Smart

Sunday, January 25th, 2009

To sell more cars, it seems that various dealers are quite willing to encourage customers to lie about their personal financial situation to qualify for credit. As this story makes plain, it might sound like a good idea for the woman looking for transportation, but it can turn bad quite ...

Customers Will Pay More For EVs They Already Bought

Saturday, January 24th, 2009

In what may be a first for the auto industry, the handful of customers who already bought the high-profile, low-volume Tesla Roadster will have to pay more than they originally expected. Just more evidence that the economics of such vehicles don't make a lot of sense.

Even At 50 MPG, Hybrids Don’t Make Economic Sense

Tuesday, January 13th, 2009

With gas prices down and hybrids still costing more than a similar car with worse fuel economy, the numbers on buying hybrids still don't work out for most people. If, on the other hand, you want to do your bit right away to save the environment and reduce the use ...

New GM Leases Won’t Be Much Good For Consumers

Tuesday, January 13th, 2009

There may still be a good reason for some people to pick a lease over an outright purchase, but GM has made it clear that it won't be subsidizing leases the way it used to, which means it won't make sense for most people to go with a lease. Leasing ...

GM Offers Finance Deals On Certified Used Cars

Thursday, January 8th, 2009

GM will be offering some finance rate deals on some of its "certified" used cars for a time, and that's a good thing for someone who's not buying new. A "certified" used car generally means it's one of the better picks of the second-hand litter and it comes with a ...

More Cheap Auto Loans From GM, Chrysler, Credit Unions

Wednesday, January 7th, 2009

You may not qualify for one of these low-rate auto loans, but then again you might. At least the financial restraints are starting to loosen so more people who need them can buy cars.

Is It Better To Drive An Old Car Or Buy A Greener One?

Tuesday, January 6th, 2009

The short answer is it's better for the environment (and your finances) if you keep an old car on the road as long as you can (particularly if you keep it tuned), but if you're looking for an in-depth examination of the subject you can find it here.

Case Shows Importance Of Getting Car’s Title Right Away

Saturday, January 3rd, 2009

No matter where you live, this story out of California has amazingly important information for you to bear in mind if you're in the market for a used car. If you haven't got time to read it, here's the key message -- be sure you get the title of the ...

Car Deals Make It “Best Time In 10 Years” For Buyers

Thursday, January 1st, 2009

Supply with little demand has a pretty obvious result, and that's what's happening on lots all over the continent as dealers get creative to get people to buy a new vehicle. According to one observer, this is maybe the best sales climate in a decade for consumers.

Treat Detroit 3 The Way Their Dealers Treat Consumers

Tuesday, December 30th, 2008

This letter to a newspaper in Arizona will strike a chord with anyone who's ever been put through the hell of buying a car from many (not all, surely?) car dealers. By the way, you do NOT have to pay the delivery or transportation charge they spring on you during ...

GM Offers Reduced Financing Rates On Many Products

Tuesday, December 30th, 2008

With fresh money available for loans, General Motors has launched a short-term program of interest rates from 0 to 4.9 percent for most of the vehicles it sells through various brands (some big trucks go at 5.9 percent). As is the way of these things, you have to be a ...

More Car Loans Should Be Available At Most GM Dealers

Tuesday, December 30th, 2008

Thanks to various financial maneuvers, the finance company that services most Buick, Cadillac, Chevrolet, GMC, Pontiac, Saab and Saturn dealers will soon be more likely to provide a loan for people looking to buy a new car, truck, minivan or whatever.

How About Giving Buyers Of Detroit’s Cars A Tax Break?

Friday, December 26th, 2008

The theory is that a program to encourage sales of cars created and built in North America by firms that pay their taxes in the U.S. will be of considerable use to the economy as well as a way to keep them solvent.

Canadian Program Will Help Consumers Find Car Loans

Sunday, December 21st, 2008

As part of a separate financial agreement with the Detroit-based car companies, Canada wants to set up a program that will make it easier for consumers to find less expensive loans to buy cars.

Used Car Sales Slump Almost As Much As New

Saturday, December 20th, 2008

Reasons for the slump in second-hand cars are pretty involved, but it all boils down to a feeling that car buyers of all kinds are simply taking a time-out to see what happens in the coming months.

Pre-pay For Plug-In Cars Now To Finance Auto Jobs

Tuesday, December 9th, 2008

An idea from deep within the green camp might be a way to help overcome America's car companies cash flow problems and ensure a better environment down the road. Having some of the purchase price for a plug-in now would also force them to bring greener cars to market sooner.

Ford Promising Fleet Of EVs And Hybrids By 2012

Tuesday, December 2nd, 2008

In an effort to get a line of credit from the U.S. government, Ford is promising to accelerate its plans for more electric vehicles and hybrids in the next four years.

Car Sales Slump Means Cuts To Government Services

Monday, December 1st, 2008

It's likely that there will be cutbacks to government services and projects are coming, due to the reduction in taxes from new car sales across the country. Car-crazy California is going to feel it in particular.

More Unpaid Loans Mean Credit Gets Tougher

Tuesday, November 25th, 2008

For the third quarter of the year, loan delinquencies are up about 8 percent over 2007. That's bad for the people who can't afford to pay, but it's also bad for people looking for a new loan since the banks tend to get tight-fisted when existing loans go unpaid. About ...