All Blog Posts (503)

Securing The Most Affordable Auto Loans

Many reputed online service providers offer car financial solutions for bad credit car loans for borrowers with bad credit history. One such company is the www.carloans1.net. Equipped with a service staff that is professional qualified to cater to consumer needs and expectations, the firm offers expert services with rela

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Added by Calvin R Vaughn on March 22, 2010 at 3:02am — No Comments

For those interetsed in the Repossession Industry, I am inviting you to come join our forum!

http://recoveryindustryprofessionals.com

Please feel free to come join our new repossession forum. All are welcome!!!

Tell them that Paul sent you.
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Added by Paul Francis on March 21, 2010 at 2:37pm — No Comments

Get Instant Money With No Credit Check Same Day Loans

Facing an emergency and need funds urgently? Check out our same day car loans. Is your loan application rejected due to bad credit? Stop worrying our no credit check car loan will immediately give you the fund needed. We understand that anyone can need funds urgently. So our services are customized to provide guaranteed car loans without credit checks and at very competitive rate

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Added by Calvin R Vaughn on March 19, 2010 at 3:13am — No Comments

Thousand-Dollar Leases

At least 10 U.S. Congressmen spend more than $1,000 a month to lease their corporate vehicles, according to an analysis by Politico.com.

The lawmakers cited a number of reasons for the seemingly high monthly costs for vehicles like the GMC Yukon and Tahoe, Chevy Malibu, and a couple Ford SUVs, among others. For one thing, as members of Congress, they are required to choose fuel-efficient vehicles. Also, because legislators are only in office for two years, their payments are higher t… Continue

Added by Marcie Belles on March 18, 2010 at 2:30pm — 2 Comments

Lenders Redesign Online Auction Programs

Online or in-lane — that is the choice many lenders are pondering when it comes to remarketing vehicles.

For decades, brick-and-mortar auctions dominated vehicle-resale strategies. Lenders would gather as many dealers as they could at their weekly or monthly sales to maximize returns on off-lease vehicles, fleet and rental units, and repossessions. Dealers would get to the auction early to touch and feel — and even test-drive — the cars they w… Continue

Added by Marcie Belles on March 18, 2010 at 12:14pm — 1 Comment

Starter Interrupt Nightmare

Many lenders, particularly lower down the credit scale, have embraced starter-interruption devices as a godsend. There can't be a greater motivation to pay a loan than the threat of an "interrupted" car.

Well, the starter-interruption devices didn't exactly work as planned down in Austin, Texas, recently -- and the episode should jolt manufacturers of these devices to improve their products.

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Added by JJ Hornblass on March 18, 2010 at 10:50am — 6 Comments

GMAC CFO Joins Private Equity Firm

In a two-sentence filing with the Securities and Exchange Commission, GMAC announced that Chief Financial Officer Robert Hull had resigned. He has taken a job at private equity firm Providence Equity Partners.

“GMAC Financial Services today announced that Chief Financial Officer Robert S. Hull has elected to depart the company at the end of March to pursue another career opportunity,” according to the March 9 filing. “The company will conduct an internal and external search for potent… Continue

Added by Marcie Belles on March 11, 2010 at 3:00pm — No Comments

Delinquencies on the Mend

Delinquencies are still on the rise for auto financiers, but their pace is slowing.

That was the message from Melinda Zabritski, director of automotive credit for Experian Automotive, in a conference call yesterday detailing fourth-quarter and full-year 2009 auto finance trends.

In a nutshell, the total dollar value of at-risk auto loans dropped 10% to $26.6 billion in the fourth quarter of 2009, from $29.6 billion in the prior-year quarter.

The 30-day delinquen… Continue

Added by Marcie Belles on March 10, 2010 at 1:44pm — 1 Comment

2010 Auto Finance Summit Exhibitor/Sponsorship Kit is Available

The 2010 Auto Finance Summit is the premier industry event, one which draws the entire automotive lending and leasing community for meaningful discussion and debate on the future of the industry. This conference has grown into the “can’t miss” event of the year, featuring the top speaker faculty in the industry and the most dynamic agenda. The 2010… Continue

Added by Ian Littauer on March 10, 2010 at 11:24am — No Comments

New Cars in Texas Offers New Cars at Affordable Rates

There was a time when the fuel efficiency of a car and its price were parallel. This means if the car was fuel efficient it used to be very expensive and if the car was cheap it would consume a lot of fuel. Consequently the new car dealer in Springfield in buyer had to make a choice of the two alternatives, never being able to avail both. Times have changed a lot since then. Nowadays the fuel efficient cars can be affordable.

The price of the fuel is rising meteorically. If the car i… Continue

Added by Jackob Martin on March 10, 2010 at 2:41am — No Comments

New Car Sales of 2010 Feature Diesel Cars Too

Recession is the talk of the day. It is the most common and prominent factor that is influencing the current new car sales. Most of the cars that were earlier manufactured worked on gas. The recent years have witnessed a sudden rise in the price of fuel especially the gas. It is obvious that sooner or later gas is going to become unaffordable, compelling the cars to be driven by diesel, the cheaper fuel. The situation is going to worsen… Continue

Added by Jackob Martin on March 10, 2010 at 2:30am — No Comments

New Car Sales Online Come As Welcome News for 2010

According to a study by The Society of Motor Manufacturers and Traders (SMMT), the recently introduced scheme of scrapping old vehicles has influenced the new car buying significantly. The latest statistics from SMMT state that more than 29,000 vehicles have been enrolled for the process since May 18th, when it was started. And in June, there were more than 170,000 new car registrations, of which almost 10% were because of the “scrap program”, as suggested by the SMMT.

The "scrap old… Continue

Added by Jackob Martin on March 10, 2010 at 2:22am — No Comments

Now Websites Facilitate The Search Of New Cars

The internet has shrunk the world into a global village. No business has been left untouched by the internet and its application. With the aid of the internet one can easily search new cars. Nowadays all the car manufacturers and the dealers have website which can be accessed freely.

One can also have accesses to the features of the cars. The car manufacturing companies are even ready to part with the technical information as well as information about the interiors. Usually the inform… Continue

Added by Jackob Martin on March 10, 2010 at 1:11am — No Comments

Watch Experian Automotive's 2009 Year End Review-Prerecorded

State of the Automotive Finance Market- 2009 Year End Review The recording of the Webinar is now available for viewing. Click the link below to view the recorded presentation. https://www2.gotomeeting.com/register/771516187 just register and the recorded webinar will launch. Continue

Added by Jason Buchanan on March 9, 2010 at 7:04pm — No Comments

Striking a Balance

In the throes of the credit crisis, banks were vilified for granting loans to unworthy borrowers. The unsurprising result: Banks pulled back. They revamped risk-management policies and clamped down on credit.

Now, it seems, banks are being hammered again — this time, for being too vigilant with credit. At a conference of the National Association of Business Economists yesterday, FDIC chief Sheila Bair warned that tight credit could hamper economic recovery.

"A light needs… Continue

Added by Marcie Belles on March 9, 2010 at 1:00pm — No Comments

FDIC Deputy Dismisses Lighter Risk Mandates for Non-Mortgage Assets

WASHINGTON, D.C. — Issuers of auto loan-backed securitizations will likely have to adhere to the same risk-retention requirements as issuers of other asset classes — even subprime mortgage — said Michael Krimminger, deputy to the chairman for policy of the Federal Deposit Insurance Corp.

Krimminger’s comments came during a session at the American Securitization Forum’s annual conference last month, in response to a question from fellow panelist Lawrence Rubenstein, general counsel for… Continue

Added by Marcie Belles on March 9, 2010 at 12:50pm — No Comments

Benefits of Acquiring Bad Credit Auto Loans through Sub-prime Car Lenders

The world economic recession has created a different set of dynamics before the lenders and primers. With pink slips and instability in the job market borrowers are finding it hard to maintain regularity in repayment. Unavailability of unsecured loans has also added to their worries. This is no less a turbulent time for lenders too. With increased number of bad credit borrowers they are forced to relax the

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Added by Russell Brown on March 9, 2010 at 7:45am — No Comments

How To Avail A Car Loan For College Students

Majorly all college students need a car for commuting. Getting student car loans is not that difficult now days. Though it involves a little bit of hard work since the student may not have a good credit or income. You can get to know latest deals for student car loans, same day car financing, secured car finance etc online through us.

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Added by Shelin Michel on March 9, 2010 at 4:30am — No Comments

COP to Publish Report on GMAC 'Next Week'

Last week, Michael Carpenter, CEO of GMAC LLC, and Robert Hull, GMAC's CFO, testified in front of Elizabeth Warren's Congressional Oversight Panel regarding the funds GMAC received through the government's Troubled Asset Relief Program. Warren told Bloomberg today that COP will publish a report on GMAC next week.

Warren is focusing COP's efforts on the stragglers in the TARP. Tomorrow, Vikram Pandi

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Added by JJ Hornblass on March 3, 2010 at 11:01am — 1 Comment

The Marketshare Battle Heats Up

As February vehicle sales figures trickle in today, Ford Motor Co. appears to be locking in a stronger marketshare position.

Ford outsold GM for the first time in more than a decade, selling 142,285 vehicles last month to GM’s 141,951.

Toyota sales, meanwhile, were expected to drop off as a result of multiple recalls of more than six million vehicles. GM, too, announced a recall today, of 1.3 million compact cars whose power steering could fail. Seems like Ford could piggy… Continue

Added by Marcie Belles on March 2, 2010 at 2:30pm — No Comments