Auto Loans Archives

What if GM Bondholders Got Cars?
By: Ted Reed

Unsecured bondholders of General Motors are looking at the prospect of pennies on the dollar for their investments. Perhaps cars for debt is a better option than equity for debt, even if it is an unlikely one. Read more»

Car Dealership Closings: Good Deals for You?
By: Bobbi Dempsey

Chrysler and General Motors recently announced they're ending their contracts with thousands of dealerships. That's bad news for car dealers, but it could be a real opportunity for people looking for a good deal on a new car. Read more»

What Happens if My Car Dealer Shuts Down?
By: The Associated Press

DETROIT (AP) — So your local Chrysler dealer is slated to close, and a nearby General Motors dealer could get the ax too. What happens if you need service on your car?It's a natural question in the changing automotive landscape, as those two U.S. automakers attempt to restructure in and out of bankruptcy court. Read more»

Extend Your Car's Life to Save Money
By: The Associated Press

DETROIT (AP) — Want to run your next car a little longer, without those unplanned repair bills? You're not alone. More Americans are trying to milk more miles from their jalopies, especially in an economy that's leaking jobs faster than a punctured oil pan. One strategy to consider is an extended warranty. Here's what your need to know.PLAN BEYOND 5 YEARS Read more»

Deal is Up: Chrysler, GM Cut Contracts
By: The Associated Press

DETROIT (AP) — A day after Chrysler LLC told a quarter of its dealers that it won't renew their contracts, owners of General Motors Corp. dealerships are in the same boat. Read more»

Car Costing Too Much? How Not to Get Rid of It
By: BankingMyWay.com Staff

If you’re having trouble paying your monthly car note and can’t sell your car because you owe more than it’s worth, you are not alone. This recession has many Americans in just this exact situation. Some are now resorting to desperate measures to get rid of their vehicles if it gets repossessed, including insurance fraud. Read more»

Daily Deduction: New Car Credit
By: David Perry

There may never be a better time to buy a new car. With our shaky economy, many dealers are offering rock bottom prices, low or no interest financing, and job loss protection. Read more»

The Basics Behind Car Title Loans
By: BankingMyWay.com Staff

If you are in need of quick cash, there is no shortage of high-interest loans available to you. Among these are car title loans, which offer immediate cash advances with your car title as collateral. Because the car title is used to secure the loan, no consideration is given to the credit worthiness of the borrower. Consequently, even those with the worst credit can qualify if they own a car. Read more»

Auto Suppliers Lobby for Federal Support
By: The Associated Press

WASHINGTON (AP) — Auto suppliers appealed to lawmakers Wednesday for federal support, warning that the U.S. supply base could buckle under from the declining fortunes of General Motors Corp. and Chrysler LLC. Read more»

Understanding Car Warranties and Repair Options
By: BankingMyWay.com Staff

By BankingMyWay.com StaffWhen you buy or lease a new car, it always comes with a manufacturer’s warranty. This is a basic warranty that covers all of the car’s systems. The length of the warranty varies between manufacturers, but most automakers offer at least a three-year or 36,000 mile basic warranty. Read more»

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