Auto Loans Archives

Lease or Buy: Crunching Car Numbers
By: BankingMyWay.com Staff
By Jeff BrownMaybe you’re tempted by the big incentives out there. Maybe your old ride is on its last legs. Whatever the motivation is, if you’re thinking about buying a new car, you’ve probably considered this question: should you buy or lease your next vehicle? Read more»
Don’t Bother With Car Loan Refinance
By: BankingMyWay.com Staff
By BankingMyWay Staff With mortgage rates at historic lows, consumers have refinancing fever. But not all loans need to be refinanced: Refinancing a mortgage may save homeowners thousands of dollars, but it almost never makes sense to refinance a car loan. Read more»
Will Gas Prices Stay Put for Long?
By: BankingMyWay.com Staff
By Chris KahnNEW YORK (AP) — Each year around this time gas prices begin to rise and continue to do so well into summer, but this is not your typical year. Read more»
By Dan StrumpfNEW YORK (AP) — With auto sales in free fall as consumers put the brakes on big purchases, General Motors Corp. and Chrysler LLC want a total of $39 billion in U.S. government loans to keep them operating. But it's not just Detroit asking for help. Read more»
NEW YORK (AP) — The percentage of auto loans past due 60 days or more rose 8.9 percent in the fourth quarter of 2008, compared with the prior-year period, according to credit reporting agency TransUnion. And the numbers point to auto delinquencies shooting to their highest point in a decade by the end of the year. Read more»
By Ted Reed, TheStreet.comPresident Barack Obama's automotive task force is focused on solving the industry's problems outside of bankruptcy and will likely continue to provide funding long after a pending March 31 deadline, the group's lead adviser told the Detroit Free Press. Read more»
By BankingMyWay Staff Read more»
By Martin Crutsinger AP Economics WriterWASHINGTON (AP) — U.S. consumer borrowing rose unexpectedly in January after three months of declines, but the small increase did not shake economists' views that borrowing will remain weak this year as mass layoffs persist amid the recession. Read more»
Are Green Cars Worth the Gas Savings?
By: BankingMyWay.com Staff
By Richard Posluszny, TheStreetDrivers wary of high gas prices are choosing smaller, fuel-efficient vehicles. Last May, sales of Honda’s gas-sipping Civic (Stock Quote: HMC) sky-rocketed snatching first place from the perennial favorite, the Ford F150 pick-up truck (Stock Quote: F) in terms of U.S. sales. Read more»
GM February Sales: 'Stone Cold Flat'
By: BankingMyWay.com Staff
By Ted Reed, TheStreet General Motors (Stock Quote: GM) said its February sales declined 52.9% and estimated that industry February sales were the worst since 1967. Read more»
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