Auto Finance Blog

I was out sorting thought various news items when I came across this bit of info.  It did not give any credit to the author but I thought I’d share the math on the clunkers program with our readers.
I’m really not trying to be judgmental but as they say, you do the math.  Let me [...]

myAutoloan.com has updated their “Rate Offering” advertising charts with some of the best car loan rates available these days. The new car loan rate is close to the lowest auto loan rate available in the market, on their multi-lender platform, where the current new car loan rate is posted at 5.5 percent for car loans [...]

Yesterday, in an article published by the Detroit News, business and marketing research firm Experian Automotive released data that shows auto loans that are 60 days past due rose by 21.2 percent in the second quarter from year-earlier levels.
In the second quarter, 0.80 percent of car loans were 60 to 89 days past due, up [...]

In an article distributed by Auto Remarketing, written by Group Editor J. Reed, it recapped Edmunds.com’s analysis of the just concluded “Cash for Clunkers” program statistics provided by the DOT. Why is this important?  As hard as we try to trust our leaders and rely somewhat upon what they say to be true, huge discrepancies [...]

With the passing of the ‘Clunkers’ program, there is plenty of speculation remaining as to whether or not the program was successful.  That sort of depends upon where you are viewing it I suppose, but no doubt, some good things did happen.  Putting cash in the hands of consumers via the rebate clearly sparked some [...]

Regardless of how you feel personally about the “cash for clunkers” program, there is little doubt that some positive things came out of it.That doesn’t over-ride any gasps that have been heard about the unintended consequences of such a program, but you still have to acknowledge it got a lot of buyers excited about buying [...]

With all the hoopla over the “Cash for Clunkers” program in terms of helping dealers move a large quantity of autos new autos and some additional used car inventory for shoppers who could not meet the program’s requirements, the auto segment has clearly enjoyed year over year sales improvements.  The C for C program in [...]

There is no doubt that if you have been watching TV or even reviewing RSS articles on Clunkers you have found out that the media is overwhelmingly of the opinion that “cash for clunkers” has worked well and will benefit the economy.   I’ve never really expected an objective observation or evaluation from the Whitehouse, but [...]

In an article published by SubPrime Auto Finance News,  J.D. Power and Associates  have discovered that dealer satisfaction with lenders declined “considerably” from 2008 in all four segments reviewed in the Dealer Financing Satisfaction Study.  Is it any wonder that this occurred when all the lenders are holding on to their cash tighter than a [...]

Holy Smokes! If you have not been listening to the news lately, it’s being reported that the Government’s ‘Cash for Clunkers’ program has basically run out of money in 4 days?  Well, forgive the observation but isn’t this the same group of representatives that plan on giving you and me a Healthcare Overhaul for $1 [...]