Financing

Ally Offers Consumers A New Car Loan With Guaranteed Buy-Back Price
Ally Offers Consumers A New Car Loan With Guaranteed Buy-Back Price

At a time when family car buyers are searching for every great deal they can get their hands on, Ally Financial has come up with what may be a very compelling proposition. The company is offering “Buyer’s Choice,” a new type of car loan that guarantees a buy-back price at the end...Read More»

Handing over car keys
New Type Of Car Loan Designed To Give Buyers Peace Of Mind

A car loan is a fairly straightforward financial transaction; to buy a new car, you agree to pay a lending institution a monthly amount to cover the principal and interest over a set period of time. What isn’t simple is that some cars depreciate faster than others, which potentially changes...Read More»

2011 Ford Fiesta
Smart Car Shopping: Knowing Your Credit Score Is Not Enough

Savvy car shoppers--and experts on savvy car shopping--recommend that consumers know their credit score before they walk into a car dealership. Why? To stop dealers from padding the interest rate on car loans. When that happens, it increases the dealership’s profit, but that profit comes...Read More»

2011 Honda Accord Sedan
Better Buy That New Car Now, Warns Edmunds

Just when the economy seems to be ticking ever so slowly up, consumers looking to replace the family buggy with something new have another worry to contend with. Make that two worries: shrinking supply and vanishing good deals. At least, that’s what Edmunds warns in a press release issued...Read More»

Sleazy Car Salesman
Feds Host Roundtables, Launch Investigation Into Dealer Practices

With the price of a new car averaging more than $28,000 and the average dealer-sold used car running around $14,000, most vehicle shoppers opt to either finance or lease. While dealer-arranged financing is certainly more convenient, it's not always fair, and it's not always straightforward. And...Read More»

money
Experian: Auto Credit Continuing To Loosen, Loan Amounts Up

To get the vehicle you want, and the right credit terms, having a high credit score has been extremely important over the past couple of years. With credit tight, lots of consumers who would have been green-lighted in the past have been simply turned away—or pointed toward high-risk lenders...Read More»

money
Vehicle Affordability Up, Despite Finance Crunch, Lower Incomes

Despite rising costs of financing and falling household income, cars are more affordable than they were this past winter and spring. That's what Comerica Bank found in its latest Auto Affordability Index, which looked at vehicle purchase price, household income indicators, and other factors for the...Read More»

Car shopping
When Knowing Your Credit Score Is Not Enough

Car buyers are often told that they need to know their credit score prior to walking into a car dealership to buy a vehicle. Readers of this website know that I recommend that consumers go one step further and get pre-approved on their car loan at a bank, credit union, or online lender. Why do I...Read More»

Money, money, money
Cash Or Credit: Five Things Vehicle Shoppers Should Consider

If you're just getting in the market for a new car, one of the first things you should consider—along with what kind of car you want, and what you can afford—is whether you should finance or pay cash. While more than 90 percent of car buyers finance their new vehicle in some form...Read More»

money
Frugal Shopper: Should I Pay Cash For My Next Car?

At a time when credit isn't taken for granted the way that it was just a few years ago, some are rediscovering the idea that new cars don't have to be financed. If you've been good at saving money, you know that it hasn't been earning much interest anyway. But does taking out that bank check or fat...Read More»

2010 Chrysler 300C SRT8
Chrysler Ties Up With U.S. Bank To Expand Leases

Chrysler has just inked a new partnership with U.S. Bank to expand leasing options. Starting this month, a new leasing deal will be offered on new Chrysler 300, Chrysler Town & Country, Dodge Charger, Dodge Grand Caravan, Dodge Journey, Dodge Nitro, Jeep Wrangler, and Jeep Liberty models. While...Read More»

British sign
Late On Your Car Note? Don't Accept That New Facebook Friend Request

Remember the paper boy in Better Off Dead -- the psycho tyke who chased John Cusak around, demanding his two dollars? Yeah, we all laughed about the little dude's persistence, but truth of the matter is, creditors like that kid make their living by being tenacious, tracking down borrowers wherever...Read More»

GM Renaissance Center American flag
As GM Dips Back Into Subprime Lending, Will The Deals Get Better?

General Motors today acquired subprime lender AmeriCredit, as part of a $3.5 billion deal that will help extend loans and leases to those with blemished credit. Before you say "here we go again" and work yourself into a frenzy thinking that government-owned GM shouldn't go into the business of...Read More»

USAA iPhone app
Need To Buy A Car At 2:00 AM? USAA Has An App For That.

The USAA iPhone app does a lot of nifty stuff. Apart from letting users manage their USAA accounts, pay bills, and deposit checks remotely, the app also provides many benefits for drivers, including roadside assistance and a handy checklist for folks who've been in accidents. And starting next...Read More»

Money, money, money
It's Still Tough to Get an Auto Loan

The market is recovering slowly because credit is still very hard to come by.  We've seen encouraging signs that credit standards are loosening and auto loans are on the rise -- but buyers with less-than-ideal credit still face an uphill battle in getting approved.  While media reports suggest...Read More»

Used car salesman
One Ugly Auto Dealer Trick Down, The Rest? Status Quo

Although we still haven't yet seen what exactly what the soon-to-be-signed financial reform bill will do for consumers, we already know who won big: auto dealers. Auto-title lending is the only significant auto-related area of the financial industry that's targeted for tighter regulation under the...Read More»

Traffic in China
Nielsen: Chinese Car Buyers Are Feeling A Little Hungover

2009 was a year that many would like to forget, and that goes double for the auto industry. In China, however, 2009 was a boom time for car makers -- a year of steep government subsidies, an auto market that saw 45% growth, and a frenzied population of buyers, many of whom still find owning a car a...Read More»

Mint.com's 'Goals' section, powered in part by KBB
Getting Ready For Your Next Car? Mint & KBB Want To Help You Save

When it comes to personal finance, there are three things we know for sure: 1. America's love affair with credit cards has not gone well. 2. By and large, Americans seem to have realized that and are now spending more wisely. 3. Thanks to the internet, there are a number of free tools to help them...Read More»

2010 Chrysler Town & Country
Chrysler Wants No Regrets: Return Your New 2010, If You Want

Living without regret: it's something we try to do every day here at TheCarConnection, and Chrysler's been following our lead. Earlier this year, the automaker allowed buyers of its Chrysler Town & Country and Dodge Grand Caravan minivans to return their new vehicles within 60 days, if they...Read More»

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