Thousands of banking and finance apps are available on Apple and Android phones, but search “auto finance,” and that number dwindles to 74.

While most of the nation’s largest lenders have mobile banking apps, only Toyota Financial Services and BMW Financial Services have auto-specific ones. Often, captive’s apps including brand-specific information, including vehicle specs, videos, and news. Bank offerings, on the other hand, were primarily mobile versions of their websites, enabling…

Are 96-month loans the new 72-month loans? With auto prices on the upswing, and consumers seeking affordable monthly payments, it seems many lenders are stretching terms to eight years. In fact, recent data from J.D. Power and Associates found that nearly one-third of auto loans were 72-months or longer, a record…

Owning a new automobile is a proud and gratifying moment for everyone. Getting auto loans in Ohio is not hard, but the real deal is to get affordable loan options.

Lock Your Automobile Choice

Car loan rates offered by various banking institutions, online lenders and credit unions vary from car to car. An offer available…

A few days before Christmas, my wife asked me if there was anything I wanted that she could pass on to her mother, who was looking for gift ideas. I went online, and after five or 10 minutes, left open a handful of web pages. If memory serves, there were a couple of hats, an iPad case, a FitBit, and a pen.

It was right around this time when I confirmed that my wife was planning to get me something for Christmas. 

Fast forward to Christmas Eve day, and I went out shopping for a…

Auto sales in the U.S. leapt to 14.5 million units in 2012, a 13% year-over-year gain – and the highest volume in five years.

The year closed with a hearty 1.4 million cars and light trucks sold last month, which was a 9% increase from December 2011. The seasonally adjusted annual sales rate reached 15.4 million -- the second consecutive month above 15 million -- and that momentum is expected to continue well into 2013.

Volkswagen Group and its namesake brand both finished with…

Account Executive Position - Job Opening at IWS in South FL, GA, VA, DC, N&S Carolina, OH, NJ - Visit IWS website and click on "Employment" tab to learn more and apply! We are seeking an individual to be a strong, dynamic, energetic presence to our Credit Union Clients, who can use their business resources, including Credit Union and Lender contacts and Vehicle Service Contract expertise. If, after reviewing the Job Description for the Account Executive position, you feel you meet the…

Following its recent lucrative Mexican initial public offering, Banco Santander is gearing up for a repeat performance by initiating an IPO of its American auto finance arm, sources close to the matter say. What percentage of its business the lender would sell is unknown.  

Fort Worth, Texas-based Santander Consumer USA has a loan portfolio of roughly $18 billion, and provides loans via more than 13,000 dealerships across the country. The bank plans to carry out the listing in the…

Toyota Motor Corp.’s North American sales soared 45% last quarter as its regional operating profit doubled, giving the manufacturer an increase in its 2012 profit outlook.

At the end of the quarter, Toyota’s second fiscal quarter, North American sales rose to 598,000 from 413,000 in the same quarter last year, which saw worldwide sales affected by the Japanese earthquake.

Toyota’s North American operating profit leapt to 64.9 billion yen, or $807.1 million, during the third…

Aquiline Capital Partners LLC's $100 million acquisition of First Investors Financial Services Group Inc. closed Oct. 31 after shareholders approved the deal during a special meeting in Houston the day prior. Aquiline is a New York-based private equity firm.  

In all, about 6.2 million First Investors shares -- more than 95% of the company’s total shares of common stock outstanding as of the record date --  were voted, and 99.9% were in favor of the merger. The merger's approval…

GM Financial saw year-over-year growth in its third quarter, with net income increasing to $124 million from $109 million in 3Q11. Through September, net income was $373 million, compared with $282 million in the same period last year.

Consumer loan originations stayed flat with the second quarter’s $1.5 billion, while 3Q11 had $1.4 billion in originations. This year’s first nine months generated $4.4 billion in originations, up from $3.8 billion last year.

Though GM…

Less than a week after it sold its Mexican insurance arm, Ally Financial reached an agreement Tuesday to sell Ally Credit Canada, its Canadian auto finance operation, and ResMor Trust to Royal Bank of Canada.

These Toronto-based operations had $13.6 billion in assets at the end of the third quarter while Ally Credit Canada Limited, with $9.4 billion in assets, is one of the largest auto finance companies in the country. ResMor Trust, which offers deposits via independent brokers and…

On the heels of a similar Ford Motor Co. promotion for Lincoln and Mercury lease holders, BMW is offering payment waivers to lessees of most of its 2010 model-year lineup. The waiver of as many as three payments will allow customers to buy a new or certified-used model through BMW Financial Services. The campaign ends Oct. 31.

This isn’t the first time…

In this week's installment of Auto Finance News TV, we discuss nonrevolving consumer credit, which has been climbing steadily since August of 2010, as well current auto loan rates and some of the content you can find here on AutoFinanceNews.net.

One of my favorite parables involves a man who was sitting in his house one day, listening to the radio. An announcer interrupted the broadcast to let people know that a big storm was coming, and everyone should head to higher ground and find shelter. The man scoffed at the report, saying, "I'm a good man. I pray. I go to church. God will take care of me."

The storm came upon him, and water started to flood his house. A man in a rowboat came by, offering to take the man to safety.…

As he has stated before, Manheim’s Chief Economist Thomas Webb found 2012 thus far to be “a healthy realignment in the wholesale market.”

Following a decline each of the five months prior, wholesale used-car prices were unchanged on a mix-mileage and seasonally adjusted basis, according to the consultancy’s Used Vehicle Value Index. The index remained at a level of 120.7 last month, which was a 1.8% drop from last year.

“Sellers certainly knew that 2011 prices could not be…

Wednesday’s debate between Gov. Mitt Romney and President Barack Obama not only saw Romney gain some footing in the presidential polls, but it also saw him accusing Obama of rewarding green-energy firms $90 million tax breaks.

Three of those companies included in the tax break in question were auto related, and Romney called out Tesla Motors and Fisker Automotive, two plug-in car manufacturers, and Ener1, a battery maker. The latter has filed for bankruptcy protection, while the…

With sales totaling nearly 1.2 million light vehicles for the month, September saw a 13% gain, giving the auto industry its highest selling month since March 2008. The seasonally adjusted annual sales rate rose to 14.9 million, a higher amount than the 14.6 million SAAR seen during August 2009’s cash-for-clunkers.

At 1,188,899, the total number of auto sales last month was almost 100,000 more than analysts had predicted. 

Of the major players, Toyota Motor Sales surpassed…

It is a delightful experience to drive away a new vehicle from a dealership. However, very few people are able to accumulate sufficient wealth to directly buy a new car or truck. Most people in the Centennial State need to apply for a CO auto loan to buy a vehicle. It is important that you follow proven advice from auto loan experts to get the best deal on auto financing options.…

When you want to buy a car in California, you have several options for availing an auto loan. But, you must be smart and should be able to judge whether the deal is best or not. Getting the biggest bang for your buck is not a matter of luck but careful shopping and intelligent comparison approach.

A Longer Loan Term is not Sweet in Long Term…

When it comes to taking out a car loan, a credit score of 400 is a poor rating that will undoubtedly hamper your chances of receiving the loan. Your credit score is instrumental in determining your chances of being granted a much needed loan and how easy it will be to apply for said loan. Most banks and credit companies choose not to become involved in transactions with customers with a poor credit score, in order to avoid any unpleasant circumstances that…