Archive for July, 2008

Stuck Driving a Lemon: Used Cars Does and Don’ts

July 31st, 2008
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ATLANTA–(BUSINESS WIRE)–With consumers paying high prices for gas, some owners of larger vehicles are trading in their gas-guzzlers for smaller, more fuel-efficient vehicles. According to the National Automobile Dealers Association, the average price of [...]

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Auto Finance Lenders Delearships and Long Term Loans

July 30th, 2008
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NEW YORK -(Dow Jones)- The financing arms of U.S. auto makers are likely to shift to longer-term car loans as they eliminate or scale back their participation in the leasing business.
A longer maturity on loans translates into a slower repayment of principal, increasing the potential magnitude of losses resulting from defaults. It also means that [...]

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