subprime

For The First Time Ever, Americans Have $1 Trillion In Car Loans
For The First Time Ever, Americans Have $1 Trillion In Car Loans

If the thought of debt unnerves you, may we suggest skipping ahead to the next article? Because this news could send you right into a panic attack. There's no way to sugar coat it, so we're just going to come out and say it: Americans owe $1 trillion in car loans for the first time ever. How did...Read More»

Auto loan
The Subprime Lending Bubble Is Totally Bursting, Maybe

Remember the Great Recession? It upended the world less than a decade ago, but already, some folks seem to have forgotten its lessons. And according to the financial blog Zero Hedge, we may be doomed to repeat them. If you're not familiar with Zero Hedge, it's well worth a look. It's written...Read More»

Repo Man
New Remote Kill Switches Make Repo Men Smarter -- And Deadlier

When last we spoke of repo (wo)men, we spoke of how they're using license plate readers to find folks who are late on loan repayments. (As if stalking people on Facebook weren't bad enough.) But wait, it gets worse: according to the New York Times, if you're a subprime borrower -- generally...Read More»

Auto loan
Breathe Easy: Feds Say There's No Subprime Bubble In Auto Loans

Car sales are booming, and banks are doing brisk business in auto loans, especially subprime loans for borrowers with poor credit or no credit at all. That has many analysts worried that we're seeing a bubble in the subprime market -- that same sort of bubble that burst in 2007/2008 and helped hurl...Read More»

Money and car keys
Subprime Set: Top Ten Cars Bought By Those With Low Credit Scores

You’ve likely all seen the late-night TV ads from used-car lots—pushing loans for which they say anyone with a job can qualify. But hold on; don't yet sign your life's possessions over on contingency to some guy in a Hawaiian shirt who says he is the bank. Even if you have a blemished...Read More»

Handing over car keys
Auto Loan Interest Rates Hit All-Time Low, Amounts Financed Meet 2008 Highs

There's good news and bad news on the automotive front. The good news is for auto shoppers: according to Experian Automotive, the average interest rate for U.S. car loans fell to 4.27 percent in the third quarter of 2013. That's the lowest rate Experian has recorded since it began tracking interest...Read More»

John McDole shows off his Volt's gun rack.
Shotguns For Downpayments? We May Be In For Another Subprime Problem

Earlier this week, we offered a rundown on auto sales for March. While we were very happy to see a number of manufacturers set new records, we were a little concerned that some of the market's strength might be due to an easing of credit restrictions. After all, we remember where that got us last...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»

money
Auto Lenders Warming Up To Lower Credit Ratings

If you've been to the dealership earlier this year and weren't at all pleased with the finance terms offered, you might want to give it another try. Auto lenders are loosening up once again, especially on new-car loans, and have started to extend loans to those with more blemished credit histories...Read More»

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