Auto Loans Archives

Deals on Wheels: Auto Loans at 5.0% or Under
By: Brian O'Connell

With the average rate for a traditional five-year car loan around 7%, potential car buyers may feel they’re spinning their wheels. Read more»

Chrysler Offers Incentives to Counter Sales Slump
By: BankingMyWay.com Staff

By Dan Strumpf -- AP Auto Writer NEW YORK (AP) — Chrysler said Wednesday it is offering up to $6,000 worth of incentives on its 2009 cars and trucks as it races to emerge from bankruptcy protection and counter a prolonged U.S. sales slump. Read more»

Can You Renegotiate Your Auto Loan?
By: BankingMyWay.com Staff

By BankingMyWay.com Staff With all of the talk of mortgage loan modifications, you may be wondering if you can modify an existing car loan. If you are having trouble paying your monthly car note or you find yourself drowning in an underwater car loan, renegotiating probably sounds like a good idea. Read more»

GM: Parts of Chrysler Deal Could Help GM
By: BankingMyWay.com Staff

By Ken Thomas WASHINGTON (AP) — General Motors CEO Fritz Henderson says some elements of a labor agreement between the United Auto Workers and Chrysler could benefit GM as it tries to stave off bankruptcy. Read more»

Buying a New Car? Deduct the Sales Tax!
By: BankingMyWay.com Staff

By BankingMyWay.com Staff If you are shopping for a new car, the federal government wants to give you some money. Read more»

Chrysler Files for Chapter 11 Bankruptcy
By: BankingMyWay.com Staff

By Stephen Manning WASHINGTON (AP) — Chrysler filed for bankruptcy protection Thursday and announced it will temporarily halt most of its vehicle production while it completes a deal with Italian carmaker Fiat designed to revive its tattered fortunes. Read more»

GM Unveils Debt-For-Stock Swap Plan
By: BankingMyWay.com Staff

By Stephen Bernard -- AP Business WriterGeneral Motors Corp. on Monday unveiled a plan to swap its debt for common stock — a move that could potentially help the storied U.S. automaker stave off a bankruptcy filing by significantly alleviating its debt burden. Read more»

GM to Cut 21,000 U.S. Factory jobs, Shed Pontiac
By: BankingMyWay.com Staff

By Kimberly S. Johnson -- AP Auto Writers DETROIT (AP) — General Motors Corp. could be majority owned by the federal government and the United Auto Workers under a massive restructuring plan laid out Monday that will cut 21,000 U.S. factory jobs by next year and phase out the storied Pontiac brand. Read more»

Is Buying a Hybrid Car Still Worth It?
By: BankingMyWay.com Staff

By BankingMyWay.com StaffWhen gas prices were over $4 a gallon in the middle of 2008, hybrid cars like the esteemed Toyota Prius (Stock Quote: TM) were hard to come by at dealerships due to huge demand. Read more»

Ford to Boost Production
By: BankingMyWay.com Staff

By Ted ReedConfident Ford (Stock Quote: F)plans a slight boost in its production rate, a positive sign in a questionable economy. Read more»

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